I would like to share my analysis for Gold, I think gold once again will be testing trendline before continue to the upside if weekly candle bearish close.
This time around we will be seeing a retracement for Gold.
Gram gold is standing below the average zone, and a bit above of the support. As it is always trending upwards, I think this is a good zone for buying, for short and even long term. You can use my support and resistance zones to stay safe. Wish you good luck!
R3 == 59.96
R2 == 58.23
R1 == 56.57
S1 == 55.37
S2 == 54.33
Gold has found at least a short-term double bottom at 59.44 (1851). It has since bounced to 62.26 (1935). Yet no major resistance has been broken, and therefore today I am going to focus on the parameters to signal whether the bottom is in or lower lows are ahead.
So far, Gold is rebounding in a corrective fashion, in 3 waves up: abc. The two resistance...
Hi everybody. When I analyzed bitcoin as gold parity last night, I noticed that it had a very clean chart. I was quite surprised at why Bitcoin's gold chart is so clear. I think whales trade bitcoin buy and sell by comparing with gold. If Bitcoin continues this technical relationship due to gold, its possible support and resistances are as in the chart.