Around 1,650 - 1,700 gold has its crucial resistance level. In this area it has some possibilities of reversing and a down trend could follow from that, but if it breaks over this area we will probably a new all time high in gold - perhaps finally touching the 2,000 level that people have long spoken of.
I am looking for opportunities to use intra day trend following on gold if it does continue to press up with my target just under 2,000.
I also forsee a rise to above 2k, however there is much going on now with Gold to get a good idea when the northbound push will come. At this time gold has support at 48 and 32 and resistance at 83 thus at 60 can go either way, would wait for definate confirmation
Bear2020s
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Buying 1665 w/ stop 1643
Hadi_Alsuwwan
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@Bear2020s, according to your analysis it will reverse to 1660. is good to buy now and when it start the reverse to 1660 sell and when it reach at 1660 buy again. What do you think?