GOLD TO 3000$
Hello Traders!
New Post for Gold . Shot to 3000$. Yes right. As we can see on the higher timeframes an big upmove is expected. On the monthly we had some nice retracements. On the weekly/daily we got a nice triangle. This Triangle Pattern is considered as bullish continuation pattern. Once we can see a clear break and retest of the structure level then we can expect that big move to come.
Monthly:
On the monthly we can see that the price broke previous Resistance and right now we are retesting it.
DXY:
Outlook is still short. Therefore Gold is more value.
Fundamental:
The fundamentals concerning the Corona Virus are still bad. They are even worse. A lot of specialist are expecting wave 2 in Corona. This will let Gold explode to 3k $
New Post for Gold . Shot to 3000$. Yes right. As we can see on the higher timeframes an big upmove is expected. On the monthly we had some nice retracements. On the weekly/daily we got a nice triangle. This Triangle Pattern is considered as bullish continuation pattern. Once we can see a clear break and retest of the structure level then we can expect that big move to come.
Monthly:
On the monthly we can see that the price broke previous Resistance and right now we are retesting it.
DXY:
Outlook is still short. Therefore Gold is more value.
Fundamental:
The fundamentals concerning the Corona Virus are still bad. They are even worse. A lot of specialist are expecting wave 2 in Corona. This will let Gold explode to 3k $
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.