Hello, friends!!! 👋🏻I’m very interested how spot market is doing without me🤣🤣🤣
Link on a good view 👉🏻👉🏻
I suspect, that the price of gold should drop a little and I suggest you put buy orders at different levels in order to manage to buy at the best price.💪🏻
😚Dear, I try very hard to be useful and helpful for you.😘 I...
. While the price is below the resistance 1818.00, beginning of downtrend is expected.
. We make sure when the support at 1660.25 breaks.
. If the resistance at 1818.00 is broken, the short-term forecast -beginning of downtrend- will be invalid.
. While the RSI uptrend #1 is not broken, bullish wave in price would...
We will look at the logarithmic chart of gold starting from 1975.
We see the two cycles. I drew a line along the tops of these peak values and made a parallel one, thereby forming an upward trend channel.
If we talk about the Elliott Waves, then we'd the peak of the third wave in 2011 - the strongest wave and it's during the 2007-2008 crisis.
Now we're on the...
. 1818.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.
. While the RSI uptrend #1 is not broken, bullish wave in price would continue.
. A peak is formed in daily chart at 1818.00 on 07/07/2020, so more losses minimum to Major Support (1818.00) is expected.
. Price is above WEMA21,...
. There is still a possibility of temporary retracement to suggested resistance line (1703.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XAUUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...