• Сб. Июн 3rd, 2023

Последние новости

Последние новости: Россия Украина США Европа. Свежие новости. Актуальные новости. Новости дня. Новости сейчас. Лента новостей. Политика. Экономика. СВО. Новости в России и в мире. Фото и видео событий. Обращение Путина.

It Is Not Too Late To Buy Gold


Апр 3, 2023

The monthly graph shows a breakout above resistance on a close-only basis. The prior resistance is now support. A nearnear
term rally back to $2100 is expected. The stop is $1880. With the prior resistance now being support, and given the objective, we have a very favorable reward-risk situation.

The monthly cycle hit a low at the end of the last month. The technical picture is constructive. There are higher lows in momentum weekly and a very oversold condition. This projects $2300 over the coming months, likely by June-August.

The last chart is a picture of caution; this is a favorable sentiment indication. The rally has not created excess optimismoptimism
which would be the sign of a top.

Monthly Gold-Closing Prices

Monthly Gold Cycle



Source link

Добавить комментарий