Hello Traders,
Looking at Gold, we can see the corrective flat correction which was followed by a long impulse which is currently midway. We will be expecting Gold to continue to rise to levels upwards of 1450. Also, looking across other metals Silver is another metal which has been bullish and is rising alongside Gold. The upside on gold is required to complete the correction on this weekly timeframe before continued consolidative movement that will occur on the monthly timeframe in which gold will likely continue to correct for years to come before breaking the all-time highs. Overall, we will be looking for corrections on the smaller timeframe to add to our long position as Gold is forecasted continued upside.
Trade with care!
Feel free to PM if you have any questions and join our group to learn more about our analysis methods.
Looking at Gold, we can see the corrective flat correction which was followed by a long impulse which is currently midway. We will be expecting Gold to continue to rise to levels upwards of 1450. Also, looking across other metals Silver is another metal which has been bullish and is rising alongside Gold. The upside on gold is required to complete the correction on this weekly timeframe before continued consolidative movement that will occur on the monthly timeframe in which gold will likely continue to correct for years to come before breaking the all-time highs. Overall, we will be looking for corrections on the smaller timeframe to add to our long position as Gold is forecasted continued upside.
Trade with care!
Feel free to PM if you have any questions and join our group to learn more about our analysis methods.