As the trend is being confirmed, the price for GOLD/USD will face strong resistance around 2020-2030.
This is confirmed by:
1 - Strong support on the past, now a resistance, located around 2025
2 - Fibonacci levels on the down trend channel, indicating another target around 2026. (I performed an analysis on this one yesterday)
3 - Fibonacci levels on todays low, projected on its first clear correction after the up trend is confirmed, giving a target of 2020.
And considering all of that, this means:
nothing.
Joking. haha.
If we see a good increase on the volume we might break the resistances around this levels. If not, the price should reach the 2020 anyway, but not surpassing 2030, forming a new consolidation area.
This is confirmed by:
1 - Strong support on the past, now a resistance, located around 2025
2 - Fibonacci levels on the down trend channel, indicating another target around 2026. (I performed an analysis on this one yesterday)
3 - Fibonacci levels on todays low, projected on its first clear correction after the up trend is confirmed, giving a target of 2020.
And considering all of that, this means:
nothing.
Joking. haha.
If we see a good increase on the volume we might break the resistances around this levels. If not, the price should reach the 2020 anyway, but not surpassing 2030, forming a new consolidation area.
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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.