Both of my predictions came true. First, the price bounced off the strong support and rose to the line 1731.14.
Then it broke through this line, consolidated towards it and continued to grow. I expect that after the breakdown of the support line and growth, the price will touch the resistance of 1789.71. Then it will start to fall. Correct and eventually go down to support. The target is 1694.14.
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stabilization of interest rates against background of growth of unsecured money supply and inflation enhancing will lead increase in demand for investment products from gold in medium and long-term prospects. how do you feel about this?
Gold precious metal fell by almost $ 300 in the first three months of this year.
The quotes fell from 1943 to 1691 dollars, that is, by 13%.
This is the worst quarterly performance since 2016
UnknownUnicorn15614419
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Excellent! I also support the idea of ending the rally and starting the decline. True, I think that the price can start falling right now, without rising to the line of resistance (I mean the level here). What do you think?
Solldy
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Thanks for your efforts! Your idea clearly shows that the price should rise and only then fall! But I'm sticking to a plummeting dip! I don't think price needs to bounce off the resistance line!
Thanks for your analysis. i am looking for appx 1700. Excess liquidity seems to be drifting towards Cryptocurrencies. Are cryptos the new inflation hedge??
pacifiedKing69415
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100% on point, I agree, yet I think 1694 is very optimistic.