The big picture of Gold (XAU/USD)!
Mis à jour
Monthly chart,
I have noticed:
1. Price hit the all-high long-term resistance line (R) in years 2011, 2000, 2022, May and Dec. 2023 - So there is an acceleration.
2. High volumes since year 2021
3. Trading range is being close to the upper resistance over the past 36 months.
Technically, crossing and stabilizing for 2 months above the resistance line (R), the target will be 3035 extending to 3335
Below 1810 should be considered as a Stop Loss; as this level will push the price downwards to the support line (S) around 1515
I have noticed:
1. Price hit the all-high long-term resistance line (R) in years 2011, 2000, 2022, May and Dec. 2023 - So there is an acceleration.
2. High volumes since year 2021
3. Trading range is being close to the upper resistance over the past 36 months.
Technically, crossing and stabilizing for 2 months above the resistance line (R), the target will be 3035 extending to 3335
Below 1810 should be considered as a Stop Loss; as this level will push the price downwards to the support line (S) around 1515
Transaction en cours
Still in the uptrend setup..Transaction en cours
Technical indicator RSI is over-bought, which may reflect on near minor correction - but still bullish
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.