Dear mates,
Today I would like to share my opinion on the current gold price.
In the long term,
Gold has established key price levels as I have shown on the chart.
The main trend is still bullish.
The decline from more than 2000 to the zone 1800 could be just a correction for the daily candles.
If the price touches the zone around $ 1650-1700 and a strong rebound, it will be a confirmation of the uptrend.
If the price continues to drop lower and hits $ 1550, it will turn to test the resistance line once again before actually returning to the main support line at $ 950-1050.
Here's the overall picture I used over the next 18 months for the price of gold
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Above is my personal opinion, I do not encourage anyone to follow suit, please manage your money, Good luck!
Xin Liar
Today I would like to share my opinion on the current gold price.
In the long term,
Gold has established key price levels as I have shown on the chart.
The main trend is still bullish.
The decline from more than 2000 to the zone 1800 could be just a correction for the daily candles.
If the price touches the zone around $ 1650-1700 and a strong rebound, it will be a confirmation of the uptrend.
If the price continues to drop lower and hits $ 1550, it will turn to test the resistance line once again before actually returning to the main support line at $ 950-1050.
Here's the overall picture I used over the next 18 months for the price of gold
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Above is my personal opinion, I do not encourage anyone to follow suit, please manage your money, Good luck!
Xin Liar
Trade active:
Price is trying to break out of resistance