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RC129
Jun 8, 2018 2:04 PM

XAUUSD 

Gold/U.S. DollarFXCM

Description

bullish
Comments
phoe68
where is the target?
Saeglopur
@phoe68, From where are we now it's 1360, next supports is 1560 but I think that if we will brake out of current situation we are heading straight to all time heights - geopolitics are in favor of that.
phoe68
@Saeglopur, all time high means 2000?
Saeglopur
@phoe68, Highly possible but this might take a year or bit more if we consider historical volatility on gold. Now uptrend is motivated even just by technical analysis but geopolitical events are fueling it much, I guess it will be messy in the world and gold situation IMHO is predicting it also. Things like North Korea looks nice but other situations in Asia not so much, in Europe we have our own struggles with populists end solidarity which is cracking under pressure of Russian propaganda, doubts in borders and real strength of our countries after we've seen how much san be changed so quickly, how our social systems can be abused by uncontrolled numbers of undocumented peoples.

BTW I was always thinking how cryptocurrencies would behave when whole market would collapse, so far stronger corrections at overall market were causing also a big fall on BTC and ETH. Thought that maybe capital would like to escape there but I have some doubts. But this makes gold still more solid option for that.
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