Hello!
Here is my opinion of gold's probable future price movement.
The first leg down will happen because of the fake rally in the traditional stock markets now because everyone is urged to buy and are guaranteed a "safe 2019" following the latest news articles in the financial markets, i speculate this because inversely that is roughly where the supply area is at if looking at S&P 500 and Nasdaq 100 which leads the way for all the market.
When orders will be hit equally same will happen in gold forming the right shoulder and a surge upwards piercing the current area of its supply (1300) meaning a small accumulation before continuing and a completion of the inverse H&S pattern seen as a bullish sign later breaking out towards 1360-1380.
Here is my opinion of gold's probable future price movement.
The first leg down will happen because of the fake rally in the traditional stock markets now because everyone is urged to buy and are guaranteed a "safe 2019" following the latest news articles in the financial markets, i speculate this because inversely that is roughly where the supply area is at if looking at S&P 500 and Nasdaq 100 which leads the way for all the market.
When orders will be hit equally same will happen in gold forming the right shoulder and a surge upwards piercing the current area of its supply (1300) meaning a small accumulation before continuing and a completion of the inverse H&S pattern seen as a bullish sign later breaking out towards 1360-1380.
Commentaire:
I also think that with the ending cycle of the traditional markets a new cycle will come emerge of the crypto market
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