Blind_Zebra

Gold's been getting more glamorous!!!

Long
COMEX:GC1!   Futures Oro
1
We have several key things that have been developing for some time for gold, at least from a technical aspect.

1) Double Bottom - Occurring around the 1200 level

2) Divergences in the MACD & Momentum that has been occurring since May of last year

I see a key level of resistance as being around 1350. If we get a break through this level I could see the price continuing on to around the 1600 level. My basis for this specific target is based off of the difference in the top & bottom prices occurring from the start of the divergence (Roughly equalling 283 point move 1480 area down to the 1200 area). If use this as a guide for future price movement once we break the resistance at 1350 we will see a similar move upwards to above 1600. It could take up to 6+ months for this to occur, but potentially quicker.


Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.