ali.se.18
Short

Long term outlook

FX:XAUUSD   Gold/U.S. Dollar
*the display of the angle instrument is a bit buggy but you can understand what I want to show*

I tried some kind of logical and technical analysis on the long term movements since 2013.

It seems that we are in a long term "sideways" market moving in a flag formation which gets tighter over the time. Until the peak of the flag it seems to respect these borderlines for a systematic movement between them.

In this point of view we are going to meet 1178 again and then moving up to our old 1300 zone.
benayaadhi
2 years ago
in my opinion price could be broke 1178.. because it already tested 4 times.. could be down move false breakout on around 1128 then go long.. but if broke 1128 area could be downtrend .. it's just my OP though :)
Reply
ali.se.18 benayaadhi
2 years ago
Thank you for sharing. Absolutely, everytime it tests the 1178 zone there will be a potential for breaking that area. I would not deny that. But in my opinion Gold respects technical borderlines very well and I think market has to be very fast or something has to happen on the world to support a break of the 1178 zone.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out