Wake up People , I see so many have a very conflict views , reality is completely different , Gold will move up to all time high and it will not stop ,
Usually Commodity scrips move very fast once they move out form consolidation Zone , i am looking this could be the end of 3 year consolidation and this one trade can make you " Millionaire "
Trust me , Go...
The Hourly chart of Bullion metal is currently in UPtrend.
It is currently trading around the support zone of the trendline.
Hence, we expect the metal to move to the resistive trend line of the ascending channel.
Gold is in a bull cycle in the 15-min chart.
It has completed its wave 3 and is consolidating in the form of a wave 4.
Hence we expect it to move higher to complete the wave 5.
The recent bullishness in the yellow metal hints of a long-term bull cycle.
It has completed its 3rd wave in the form of 5 waves and is currently undergoing correction(wave 4).
We expect the correction to come to a halt where the trendline and 50% retracement value confluences.
We also anticipate a new high in the counter in the form of a wave 5.
Some Golden Opportunities in Gold
As trade war eases officially, the big player's removing funds from hedge items like gold
Check out the chart below for SHORTING levels for medium term
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How...
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a flat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
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