I have been following gold for a couple of years now. I see this going short basically when the market opens. I think it will go short to the 1500 levels. Gold must drop for investors to buy at a lower price. Don't be the 70% of traders that lose. You have to think of gold as a supply and demand. No one wants to buy gold because the price is to high. Therefore it must come down. Once it comes down to 1500 levels, gold buyers will then invest their funds into gold for profits.
If you also look at my RSI (Relative strength index) you can see it still also needs to come downwards to hit the trendline.
agreed, d1 chart showing double top, so more decreasing
seanwilliamson94
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Be nice if it was near 1500 as soon as markets open 🤣🤣 i think we will see 1710 this week mate
kezybaby
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@seanwilliamson94, haha I didn’t mean as soon as the markets open it will be at 1500 , probably how I worded it . I think it will slowly head to 1500 from now on. I think we might see 1750 this week coming or at the beginning of the following week.
January for the last 7 years has always been a high however it’s just to high for investors to invest, I think.