Gold hit a key resistance at 1900-1910. a reversal was imminent.
The fall is not over yet.
You can see a rising wedge, which will reverse downwards.
Expect gold to reach close to 1850 before more direction.
We should see 1865 within this week, this coincicdes with Bond yields which are likely to rise.
The fall is not over yet.
You can see a rising wedge, which will reverse downwards.
Expect gold to reach close to 1850 before more direction.
We should see 1865 within this week, this coincicdes with Bond yields which are likely to rise.
Comment:
When this main reversal will come is hard to tell yet. I imagine around 1850 we will see gold likely to head back up, heading towards 1950.
if this happens we need to reassess at 1950 - will it break above or reverse.
Next checkpoint after that will be 2000.
but overall, long term, i am bearish on gold even through it will be a rough ride down.
if this happens we need to reassess at 1950 - will it break above or reverse.
Next checkpoint after that will be 2000.
but overall, long term, i am bearish on gold even through it will be a rough ride down.
Comment:
Lovely, gold at 1850 today as expected. we could see 1840 before some kind of upward correction.
Comment:
what a lovely fall on gold yesterday. did you make any profit on this? almost touched 1800 after the fed meeting.
im expecting a pull back up to around 1880 in the coming days before i can judge when teh fall will continue.
im expecting a pull back up to around 1880 in the coming days before i can judge when teh fall will continue.
Comment:
Kaboom!
Gold at my 61% retracement level.
it got tehre much faster than i expected, due to fed shaking teh markets on 16-07-21.
Expect a pull back now, Gold is too far stretched from its hourly 200 day EMA.
Gold at my 61% retracement level.
it got tehre much faster than i expected, due to fed shaking teh markets on 16-07-21.
Expect a pull back now, Gold is too far stretched from its hourly 200 day EMA.
Comment:
Gold did a lovely drop few weeks ago to the support at 1680. Pulled right back up.
Im looking for it to pull back down to stay on track for my long term short down to 1560 or near abouts!
anyone disagree or have other opinions?
Im looking for it to pull back down to stay on track for my long term short down to 1560 or near abouts!
anyone disagree or have other opinions?
pricing rising from 1680 to 1900 is just mad.
Gold will get hammered and killed when U.S start raising rates and stop the money pumping, causing bond yields to rise, and money will move out of gold.
Longer term im expecting gold back down to 1560.