hajiyevrashad

hajiyevrashad

Brent oil (B, $74.57) is approaching a 13-year resistance at around $79 - 81 level. Expect a pullback to under $70 level once Brent oil touches a multi-year trendline and then continue advancing!

hajiyevrashad

Gold (XAUUSD, $1,904) continues to advance within ascending wedge formation, which has tendency to break-down even if for short-term. However, any breakdown of the lower band of the wedge (blue) is likely to offer a shallow pull-back, therefore, support comes just under $1,975 level Gold's next target is $1,967 - 1,975!

hajiyevrashad

Gold (XAUUSD, $1,903) is likely to advance towards $1,950 - 1,975 level in June, where it will top and make a 5 - 7% correction towards $1,850 - 1,875 range throughout July - August. By October - November of 2021 expect gold to trade above $2,000 mark!