In our analysis of February 18, we discussed the very high probability of a reaction on the long side. The price target of a minimum correction (probability of occurrence approx. 67%) has already been reached! Provided that the support level that has existed since the end of November is not sustainably undercut, a further price increase in the direction of USD...
In direct comparison to silver, the past trading days were extremely sobering for gold. Since the movement low on November 20, the noble metal could only gain a meager 1%. Silver, on the other hand, shot up by a staggering 24% during the same period! Where do we go from here? After the previous downward impulse, gold (XAU/USD) is in the consolidation zone that...
Hi guys! 👋🏻 🔔 The US Dollar Dollar index set so far the lowest point on January 06 this year at 89.391 and was able to recover and breakout from the descending downtrend channel of November 02, 2020. 🔔 If the US Dollar closes above 90.720 it might show one of the sharpest jumps up to 92.100 after testing a resistance at 91.120. 🔔 There is a strong resistance...
Technical Analysis for GOLD🌻🌞 uk.tradingview.com Support ♠︎ ♣︎ ♥︎ ♦︎ S1 ➔ ➜ ➙ ➛ ➝ ➞ 1800 S2 ➔ ➜ ➙ ➛ ➝ ➞ 1763 ...
The low has arrived with a tolerance of one day (on November 30th). After the break, the support confirmed for several months, the gold price (XAU/USD) reached a movement low on Monday November 30th, confirming our deposited turnaround date (with a one-day tolerance). In our analysis of November 14 (13 days in advance) we had already pointed out the movement...
COMEX:GC1! Here is the G/S (Gold / Silver) ... and here is the USD - DXY
According to the reduction of dollar demand and based on the raising channel, most probably will hit the 1940 first, then pull back up to 1920 to raise more after. But if any good bad news heard from the stock market, again will drop down to 1900 or below.
Gold- If it has to fall further , it should sustain below 1930 levels.
RSI and Stochastic are still bullish, the trend remains bullish.
Gold has completed formation of the right shoulder and is about to complete the whole pattern. US recovering from COVID, number of cases is decreasing and last week US economic data were very positive. Warren Buffet bought tons of Gold? Is that a bull trigger? Well, he supports democrats, so Trump tweets will make him regret!)) Vaccine is about get approved...
Forgive the mess on your screen right now, though take a good look at what is going on.