As I said yesterday, the price fall from the resistance of 1844.14. The price continues to rise after breaking through the historically strong support level of 1798.62. I expect gold to rise in two phases: 1 - correction to the support zone 1803.84. 2 - rebound and growth at the senior resistance line. Target - 1857.78.
------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
It's great, if you combine your forecasts and draw a line along the price peaks since August, you can see that the price has broken through a strong zone, where the level intersects with at least two more support lines. After such a breakdown, there must be a consolidation and subsequent growth!
TradingAlchemist
⋅
dear i see that last year's coronavirus crisis showed that institutional investors preferred to invest their capital primarily in paper gold. capital inflows amounted to 877 tons, thus becoming record - this is increase of 35% compared to previous record in 2009 with volume of 649 tons.
Solldy
⋅
Since the end of March, the price has been increasing in the channel! It looks very nice as you showed it! I think that the channel will stop growing at around 1857.78, where your target is! Have you already thought about where the price will continue to move?
Lingrid
⋅
thanks for sharing your thoughts)
I agree that there will be a fall
Investors buy gold coins and bars for the long term, are they doing the right thing? ?