Gold is reacting in the 1980-85 zone quite well
Gold is reacting in the 1980-85 zone quite well
However we need some strong catalyst from the news
PMI on Monday next week
Federal interest rate on Wed, at dawn on Thursday hour Vietnam :)
Forecasts show that the optimism for the recovery of DXY is remarkable.
This scenario is very rare when the daily increase structure is evident, but nothing is impossible.
Technically, the H4 frame is converging RSI.
My prediction is that gold is reacting to the upper wedge like the scenarios attached below.
And that is also the core factor for Gold to increase sharply by 900-1000 price in the coming years.
However we need some strong catalyst from the news
PMI on Monday next week
Federal interest rate on Wed, at dawn on Thursday hour Vietnam :)
Forecasts show that the optimism for the recovery of DXY is remarkable.
This scenario is very rare when the daily increase structure is evident, but nothing is impossible.
Technically, the H4 frame is converging RSI.
My prediction is that gold is reacting to the upper wedge like the scenarios attached below.
And that is also the core factor for Gold to increase sharply by 900-1000 price in the coming years.
Trade active:
Nice!
