FORECASTING 2020-2021 GOLD PRICE MOVEMENT BASED ON FRACTAL FIBONACCI ANALYSIS AND CHART PATTERNS. GOLD ILOCKS RAN ALL THE WAY THE HOME. SHE NEVER RAN BACK INTO THE FOREST AND THE THREE BEARS NEVER SAW GOLD ILOCKS AGAIN...
Be careful traders. Gold to become highly volitile in the months ahead. We have a long-term long bias on the PM however, always...
So the bearish ending diagonal in 15 minute chart is over , which is also the end of complex flat on 2 hourly chart. The Bullish trend has resumed, at least we are going to test the top of the sideways corrections from last few days ; 1210 .
The price action at that juncture will lead us if the prices are going to continue up or not.Have a good one , keep an eye...
In the weekly chart the movement of the GDX last month continues to decline out of the sideways channel and the triangle pattern is bearish. Although there is a rebound after touching the support at 18.55, bearish pressure is clear as long as the index value is still moving in the formed downtrend channel, or the index value is unable to move up above 22.93 as the...
Gold broke the downtrend line on monthlies and almost a retest to that few weeks ago, my call for long around 1322 till 1359 met the target yesterday, but still I see lot of potential in Gold to move higher, On dailies it had ABC correction and then a nice rally with some consolidation and finally reached the target, In my opinion the recent low looks like a multi...
