Gold - ST & LT paths

FX:XAUUSD   Gold Spot / U.S. Dollar
315 1 1
Update: Rejection of rising red trendline . Short opportunity to 1157.

ST             Gold             looks bullish .

Retest of Pink line may see a pullback to lower all time lows (See falling blue trend line )

Retest of Yellow line however, may see an attempt to break the yellow trend line . Chart will be updated if this occurs.

Trade safe and smart.

IMO: With countries worldwide exporting deflation through loose monetary policies, I don't really see Gold             breaking past the yellow line in the next year or two.

Continuation of downtrend is more probable in my books.
Big movements in gold today.

Downward sloping red trendline being retested. Breach of this will mean new lows for Gold.

I will be updating this chart over the weekend.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out