sg31130

sg31130

Next leg on gold

sg31130

Gold retouch

sg31130

Lets see how it reacts to the trendline.

sg31130

Technical - Price has rebounded and closed back inside major trend line after a savage sell off. Also broken out of smaller triangle. Currently floating around the 0.236 fib, we may see a slight retracement to the 1594 area before next jump. TPs: 1630, 1660, 1682, 1717 Final TP: 1759 Fundamental - Gold has always historically been heavily invested into in times...

sg31130

TP 1670

sg31130

Prediction on gold for rest of Feb and Early March. Technicals will need to line up and confirm in order to enter buy. Breakout of corrective triangle needed with positive rejection towards the upside. Long term TPs - 1625, 1670, 1705, 1780

sg31130

Looking like gold's retracement is rejecting MA on daily chart nicely and looks to be pushing its way up slowly on the 4h with lots of bullish rejections of the intra-day MAs. Hoping for a big breakout either tomorrow or mid week and a push to previous highs eventually. Needs a break above 1563-1565 and retest to fully confirm a bulls are in control. TP1 -...

sg31130

Fundamental: I personally think there's likely to be more tension between US and Iran which will likely push Gold prices higher. Technical: Daily Candlestick rejection of MA Broken trend lines and retested A close above 1563 will show a higher high and confirm long momentum Should eventually find its way towards 1600 region. Could sell off there or push to 1635...