Due to the descending triangle and the vaccine for corona, I expect a decline in the gold market. This month we will reach 1820, but 1770 is also easy. Then the price will consolidate till the next target; 1660, this is a potential area for big longs.
My analyse is based on the fundamental that America will push the USD up and the goldprice down to stock up the goldreserves before 2021. If you look at the link you can see that the yield golden cross is very close. this will lead to a economic disaster very very soon. The one with the most gold is the safest during the crisis.
I mean this is the calm before the storm. In 2021 the stockmarket will collaps and gold will see a new ATH; possibly around 2200.
Very good analysis, my friend! Here is what I see:
dgtrd
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i was assuming double correction sometime ago but with the fundementals fact you presented it may go for a tripple correction accroding to my anlysis :
Saeed966
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thanks for sharing! this is what I see on Gold:
PasCommeEux06
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@Saeed966 I saw your chart right before I shared mine. I think the price wont respect the support and break through it. fundamentally I believe that it won't be possible to find support on 1840. I expect the stock market will open green which means strong short on gold.