Updated with some indicators I use.
-possible golden crosscover 50>200ma soon on daily chart
LONG GOLD TILL 1170-1190 then SHORT between 1170-1190 next week for 1-2 weeks. sl above 1192. target around 1110-1130.
Then long again around 1130. till at least $1250-$1285.
Follow and rep me if you want more forcast.
-possible golden crosscover 50>200ma soon on daily chart
LONG GOLD TILL 1170-1190 then SHORT between 1170-1190 next week for 1-2 weeks. sl above 1192. target around 1110-1130.
Then long again around 1130. till at least $1250-$1285.
Follow and rep me if you want more forcast.
Comment:
Potential new top is $1200-1203
Comment:
New Retracement Target is $1140-1150
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UPDATE: DO NO SHORT TILL NEXT WEEK!
Comment:
UPDATE: due to the stock market crash, gold is seen as a hedge so expect this whole week to be bullish. possible target is around $1225 which is the next major resistance level. Next week we might have a $50+ retracement.
If gold breaks 1191 resistance, we should see $1200 before a retracement down to $1130 region. This weeks trend is bullish till mid or end of the week.