Tomorrow we will say bye to 0.3
If correct , we will see the price go above 0.3, and than retest 0.3 than upswing
Congrats the profits again who follow my analysis
In weekly time frame, $1747 Pin bar + inside bar pattern, for me, i will look for candle pattern around $1684 & $1660 , will open short if breaks support levels and targeting $1566
In weekly time frame , bulls are losing the market control
Open Short trade right now Target $1600 /1550
Take half of profits, Short sell Gold around $1700, Our targets will be break below the down trend line $1660 / $1600 / $1550
Stock and Gold may drop start around 22 April
Pressure on Gold, look for correction in 30m chart
Congratulate to the profits, Gold look for next step
Short term target $1649 , long term look for bearish, as gold perhaps will make a upswing or new high before the decline.
Gold Stand above $1600 look for previous highs before decline
$1350 is my expectation for the low before the big rise.
The United States has confirmed more than 10,000 new virus cases, and New York has nearly doubled.
Despite making a new high $100 above, but gold side not willing making new low. Therefore, looking for gold to correct.
The stock market decline and economic collapse is even faster than 2008. The previous rise in gold was driven by lower real interest rates .The main driver may be interest rate cuts or rising inflation expectations. Cash is king during a panic affairs, financial crisis or recession. Homes and companies cut expenses, make up for losses, and turn it to...