What a CRAZY volitile week this has been with Gold! whew! We saw a high of 1975 and then a sharp correction to1890. Inflation, The Issues between Russia and Ukraine(war) have all contributed to the high highs and low lows weve seen in one week.
So Gold has been in a sort of side ways trend after its fall ofrom 1975. Now that price has broken my box and did a small retest, I believe we will see price go to the strong zone of 1865. This zone has been rejected over several times in the past and i dont believe we will see anything different.
If price breaks through the zone of 1865, then we are headed to the support of 1830. Due to the geo polical happenings I wouldnt be surpised if price makes a run up from there to 2025!
Happy Trading and dont get caught up emotionally with Gold. Let the chart tell you what it will do... Watch the news, Be patient and then you respond.
So Gold has been in a sort of side ways trend after its fall ofrom 1975. Now that price has broken my box and did a small retest, I believe we will see price go to the strong zone of 1865. This zone has been rejected over several times in the past and i dont believe we will see anything different.
If price breaks through the zone of 1865, then we are headed to the support of 1830. Due to the geo polical happenings I wouldnt be surpised if price makes a run up from there to 2025!
Happy Trading and dont get caught up emotionally with Gold. Let the chart tell you what it will do... Watch the news, Be patient and then you respond.