Probably looking at a stabilization here at 200sma, october correction, fib level 0.5 from march low and a strong psychological 1000kr share price as resistance. expecting some sideways action for a while
Unfortunately the entire market is going down and market is findinf safety and refuge in usd and not gold which droppef below important support levels.
If support on 1850 100sma doesn’t hold gold is seeing another 6-7% drop to 200sma and historic tops
Crispr has been falling with the general market
However it has shown great strength at the lower part of its regressionchannel post corona.
Buyers coming in we are seeing higher lows.
Macd turned today and with the stochastic combination it might show a double cross strategy play. RSI also crossed 50 again. Will be interesting to follow
Gold has been going sideways for a while BUT:
Bollinger squeeze is looking to shape up in upward direction
RSI is steady above 50
keeping 20sma as support line
Think it will break 2k again soon
DocuSign with a strong uptrend post corona.
Respecting its lower support line every time.
2 very bad days give a good chance to go long now possible price target 230-250
Is now at 50sma 4 h Chart
Stop loss can be placed at 1 x true average range which is about 7 which means around 190-195 depending on risk level.