GOLD IN RANGE
We have been tracking gold cycle in the last few months. It had a downward trend in the month of novemeber and december has seen Gold uptrend. It's very close to our accumulation zone. If the price sustains in the accumulation zone, we can see further upmove in the coming weeks.
Charts show GOLD taking support along the yellow trendline.
Gold price upmove can be seen as investors hedging their positions with gold after going long in the markets.
Charts show GOLD taking support along the yellow trendline.
Gold price upmove can be seen as investors hedging their positions with gold after going long in the markets.
Note
Biden is the next US President!Note
GOLD has fallen below our bear zone.Note
GOLD in deep bear zone.
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Publications connexes
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.