Hello traders,
After having a period in equilibrium, The Gold Future is taking an increasing trend.
GC could break that zone of equilibrium above it, and therefore it takes that upward trend. But as I said in my long term analysis of GC we need an important volume that could push the GC price over that maximum price of 18/05/2020, we should wait for those...
With an increasing trend since 18 June, now we have signs of a decreasing one. With the high level of volume, GC will go down. This prediction is for an intraday trading.
It seems that each GC is trying to break the previous zone of GC it goes back to it.
If we take a look at GC in daily, we will find that the volumes are stable since April, so to go out of this...
