I come back to gold in my analysis today.
I point out our attention to a weekly chart on gold.
The market held quite well the long term support at 1,680. Now is going up (last price 1834) and we think that if manages to close one week above 1860 and then above 1896, we have a very likely chance to see at least a double top at 2,050 and in extension wave at 2,150 dollars.
Both our momentum indicator and DEMARK are bullish in these weeks.
I will update regularly my analysis because I think that metal prices can be clear winners this year in relative performance.
- May 18, 2021
- 12:34 pm
- Market Overview
Update Gold May
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