Since the gold broke above the neckline, our analysis has been looking strong.
The first target remains at $,1840.
It's great to see gold have its bullish days now that investors are flocking right back to this stable safe haven and away from the insolvent, unregulated erratic crypto market.
Call me an OG but I still stick to stocks, indices and commodities.
Gold has reached our target of $1770, and as predicted, is having trouble with this level. We are running into resistance as we push toward a previous value area. The price action is rounding off and the Kovach OBV, though still strong, is tapering, suggesting that we will range or retrace. A significant retracement could take us all the way back to $1720, or...
Textbook ascending broadening wedge for the $gsr (#gold to #silver ratio) has a measured-move of 48.6, meaning 48 ounces of silver to buy one ounce of gold.
At TODAYS gold price, it implies $36/oz silver. But it will be more, because gold price will be more.
As the vortex indicate, we are entering a short downtrend as the price broke under the HMA 418 average/
Disclaimer : I am not a financial adviser. This is not a trading advice. This post is For educational purposes only. Do your research as trading is very risky and you can lose more than what you invested.
Cosmic Gravity predicts that price will continue to rise at least until targets (see chart) based on a high bullish:bearish signal ratio across 2 timeframes.
hello freinds
this chart we shows that this market will know an uptrend on next daily when i recommend buying with a fort probability
if you have any questions you can write it in commentaire below and i will answer them
and please don't forget to support this ideas with your like and comment thank you
W Formation is forming nicely on Gold and we are just waiting for a breakout.
There are MANY elements to include in this analysis.
1. There was a fakeout with a Descending triangle which broke above the resistance showing the bullion buyers were not going to give up.
2. The downtrend has broken and the price has entered into a bull market.
3. Investors are...
Gold has rallied massively, breaking through to the $1700's. Yesterday, we tested our level at $1683. As predicted, it provided resistance. A pullback tested $1670, where we immediately saw a strong pivot. Then momentum continued through $1683, and several levels after that, solidifying the $1700's. We reached as high as $1720 before a red triangle on the KRI...
The same vulnerability that existed last week (see idea linked below) is only a reversal day away and we're still in the downtrend channel. Rather than being somewhat inside the channel like we were last week, we are now just inside the upper edge which makes for a great risk/reward short entry. Copper is similarly at a trendline (actually a confluence) and has...
