Beginning of Third quarter market performance
With the end of the first month in the third quarter, Gold performance was great to leave some clues to, which we can speculate the future value of Gold on the technical side of things.
This past week we saw Gold have a 2.22% price spike breaking out of the market ranged, lasted for 7 days (excl. Weekends). A +$40.27 value growth, leaving the price/value of Gold at $1832.82 per Oz. On Friday market shredded almost 50 % market gains with a 1.24% price dump (playing as a retest of the broken range), with a -$22.29 value depreciation having the Friday trading day closing in an Inverted head & shoulder pattern, the Gold price at $1814.06 per Oz (above $1810 per Oz).
My Projected value for Gold is $1890 per Oz with a 5.44% percentage raise from markets recent major low being $1892 per Oz $97.45 value growth.
With the end of the first month in the third quarter, Gold performance was great to leave some clues to, which we can speculate the future value of Gold on the technical side of things.
This past week we saw Gold have a 2.22% price spike breaking out of the market ranged, lasted for 7 days (excl. Weekends). A +$40.27 value growth, leaving the price/value of Gold at $1832.82 per Oz. On Friday market shredded almost 50 % market gains with a 1.24% price dump (playing as a retest of the broken range), with a -$22.29 value depreciation having the Friday trading day closing in an Inverted head & shoulder pattern, the Gold price at $1814.06 per Oz (above $1810 per Oz).
My Projected value for Gold is $1890 per Oz with a 5.44% percentage raise from markets recent major low being $1892 per Oz $97.45 value growth.