Greetings,
I have a feeling we can make a solid climb up to 1900-1910 area
if we can break above the 1873 marker I belive we will push to 1877 before we might dip down to the 1865 region retest
a retest and hold of 1865 would give us great room to work higher up to 1890 and even 1900 with the potential to see a 1910 touch before a massive retest down
if we start to fall down out of the 1900-1910 range i think we will see a huge drop back down to 1790 area
Things to consider
Black Swan event: the Ukraine / Russia situation is still not over and tensions rising or conflict will send gold past 1910 and could even send us up to 2000-2200 range
Risk on assets will explode when a war breaks out as money pours into risk assets for protection
USD Interest rate rise possible for mid march - this could mean gold goes higher in an effort to price in the large drop when USD raises rates and investors start to inflow for USD over risk on assets
These are my thoughts and should not be taken as financial advise
Please do not trade on my ideas but use it for information in making your own informed decision
Remember that trading leveraged currencies has a high risk of loss
I have a feeling we can make a solid climb up to 1900-1910 area
if we can break above the 1873 marker I belive we will push to 1877 before we might dip down to the 1865 region retest
a retest and hold of 1865 would give us great room to work higher up to 1890 and even 1900 with the potential to see a 1910 touch before a massive retest down
if we start to fall down out of the 1900-1910 range i think we will see a huge drop back down to 1790 area
Things to consider
Black Swan event: the Ukraine / Russia situation is still not over and tensions rising or conflict will send gold past 1910 and could even send us up to 2000-2200 range
Risk on assets will explode when a war breaks out as money pours into risk assets for protection
USD Interest rate rise possible for mid march - this could mean gold goes higher in an effort to price in the large drop when USD raises rates and investors start to inflow for USD over risk on assets
These are my thoughts and should not be taken as financial advise
Please do not trade on my ideas but use it for information in making your own informed decision
Remember that trading leveraged currencies has a high risk of loss