Gold is in 1450 - 1515 range,
after 4 weeks of testing the support line it looks that is going into the 1515 direction,
stoch RSI is very low on weekly, (GOOD signal for buy position)
MACD going less bearish, (GOOD signal for buy position)
also price is supported by 22 EMA (orange line)
Also there is a little resistance in the 1480 level (on daily chart)....
Gold finally had a conclusive week with gains of $16 breaking the 4-week consolidation broadly on account of a lower dollar. With the year coming to a close and mostly all important events done and dusted for the month, holiday mood should keep the volumes light and volatility low in remaining days of the year. Fundamentals still remain mixed whilst technical...
The market fall from the harmonic deep crab pattern. if the market retested the deep crab zone again before going down to the profit zone we are going to look for sell opportunity, otherwise we will wait for the market to hit the yellow demand zone and then we will buy to the identified target.
i think the market will be still bearish to the 1450 Target . after a "Resistance Touch" in about "1482" - "1488" it moves to 1450 !
as a personal idea i do believe a "short" must be happen before the New Year and after that we have a high , so buy when it's cheap and sell when it's high!
i say again , its just my personal idea!
Hi Guys!!
Gold Making Another Giant Bull Flag On Weekly Chart..Very Soon We Will See A Breakout From Bull Flag...Next Target Around 1600-1650$
Good Luck
CssTeam
t.me
Yesterday’s violent Bullish candle settled for a new #1,477.80 Top. I have secured a big portion of my profits yesterday (11$ rise) with my Buy order on profit range, as Hourly 4 chart Golden Cross pattern is near completion, is enough for me to continue Buying. I cannot speculate exactly what next week will bring but surely, on Longer term Gold is Bullish. Bonds...
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
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