This is type of prediction which i dont want to do.. Monthly chart dosesnot contains many variables, so, technical indicators are useless (except CCI and RSI, which fails because they give too early entry).
So, in this i am going for a long term bullish scenerio due to following reasons :
1. Bullish Triangle, which gold seems to cross and is now to go furthur up.
2. Major EMA crossed.
3. Long Term Elliott wave 4 finally finished (Asseemed to me, but many analysis shows something else.)
But, many things are to considered. As seen in chart, Gold really needs to enter the green space, to be show bullish.
Cons :
Fundamentals. 4 years is a long time, there are many fundamental reasons that gold may dip much more in 2018.
Many news, geo-political issues, banking policies and much more can affect technical analysis. Fundamental Analysis is also to be considered.
Note :
It is not a trading strategy, its just an analysis.
So, in this i am going for a long term bullish scenerio due to following reasons :
1. Bullish Triangle, which gold seems to cross and is now to go furthur up.
2. Major EMA crossed.
3. Long Term Elliott wave 4 finally finished (Asseemed to me, but many analysis shows something else.)
But, many things are to considered. As seen in chart, Gold really needs to enter the green space, to be show bullish.
Cons :
Fundamentals. 4 years is a long time, there are many fundamental reasons that gold may dip much more in 2018.
Many news, geo-political issues, banking policies and much more can affect technical analysis. Fundamental Analysis is also to be considered.
Note :
It is not a trading strategy, its just an analysis.
Trade attivo:
Long at 1221.
Trade chiuso manualmente:
Published two years ago.
Trade Active 1.5 years ago.
And Finally closing it today.
Trade Active 1.5 years ago.
And Finally closing it today.