GOLD - OUTLOOK 12
GOLD - OUTLOOK 12
GOLD fell as predicted in the last outlook and missed our buy region by 40 pips which isn't a lot on GOLD. I expect a further dip in the market as confidence was restored with interest rates which sent gold down but DXY and the stock market up. I believe price was already marked in so what we are seeing in fundamental manipulation. Any positive news from the war and GOLD could crash but any negative news and GOLD can soar.
The purple zone is extremely important here as this is a major support level. Any solid and confirmed breakout below this and it will push price to 1850 and possibly lower. Should price hold this level and I will look to buy. Inflation is up, the war shows no signs of stopping so I think GOLD is only going further up to my predicted ATH (this respective all war developments). Price will be driven lower for optimum buy opportunities.
We have rebranded; find out why in the link below.
GOLD fell as predicted in the last outlook and missed our buy region by 40 pips which isn't a lot on GOLD. I expect a further dip in the market as confidence was restored with interest rates which sent gold down but DXY and the stock market up. I believe price was already marked in so what we are seeing in fundamental manipulation. Any positive news from the war and GOLD could crash but any negative news and GOLD can soar.
The purple zone is extremely important here as this is a major support level. Any solid and confirmed breakout below this and it will push price to 1850 and possibly lower. Should price hold this level and I will look to buy. Inflation is up, the war shows no signs of stopping so I think GOLD is only going further up to my predicted ATH (this respective all war developments). Price will be driven lower for optimum buy opportunities.
We have rebranded; find out why in the link below.
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