GOLD break 1920; going down to retest 1883 & 1833 as predicted
Gold futures update from last 1 April post:
Gold broke my first support 1920 & nearing the 1883 next support as predicted. It is on the way to break the next 2 equally impt FIB levels 1883 & 1833. As you can see from the chart, all 3 levels are confluences of FIB levels using different ranges.
The maximum drawdown is for gold to retest 1833 which is also near the neckline of the Inv H&S from which gold broke out.
Gold still have more upside as inflation is not peaking soon due to supply issues.
Not trading advice
Gold broke my first support 1920 & nearing the 1883 next support as predicted. It is on the way to break the next 2 equally impt FIB levels 1883 & 1833. As you can see from the chart, all 3 levels are confluences of FIB levels using different ranges.
The maximum drawdown is for gold to retest 1833 which is also near the neckline of the Inv H&S from which gold broke out.
Gold still have more upside as inflation is not peaking soon due to supply issues.
Not trading advice
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.