Update: With the Fed hiking rates another 25 bps, I predicated that Gold would dropping from 1960 to about 1950-1940. Weekly low was 1942, then closed the week back around 1960 level.
Prediction:1950 support @ Psych level, Also nice bounce off Fid retracment level. I see Gold moving about 2000. If Pice decides to keep dropping I don't see Gold closing under 1930-1925.
Long Targets:
1970
1990
2010
2030
Prediction:1950 support @ Psych level, Also nice bounce off Fid retracment level. I see Gold moving about 2000. If Pice decides to keep dropping I don't see Gold closing under 1930-1925.
Long Targets:
1970
1990
2010
2030
Comment:
Long Target Hit 1970
Comment:
If price breaks and closes below 1940 looking for price to test 1930-1925 levels.
Comment:
Price did break 1940 and price also tested the 1925 level witch is a strong fib retracment level on higher time frame