Gold has reached the first target of the Inverse Cup and Handle...
It seems to be stabilizing around these levels. But it seems to only be a short term (1 or 2 weeks).
If the price breaks below the support, we will most likely see the next target at $1,710.
As we are dealing with a less favoured precious metal compared to the past, this will require some...
Looking at the chart, we can see that GOLD is entering the Oversold level on the RSI.
It has always bounced from that level so i think it`s time to load up.
My Buy Area is $1705 - $1770.
Looking forward to read your opinion about it.
So let's seE what is happen to Gold in monthly :
1_Double top
2_We have a divergence between RSI and the double top
3_ An upper Wick mean that thé Sellers Squeezed buyers .
4- Big volume with upper Wick in an uptrend mean that thé buyers are (imptied thé ordre Book)
Fundamental Analysis:
Russia has Pegged the RUB to Gold and The Globalists are Conspiring against their currency and Practically shorting their RUB which may Couse the Price of Gold falls to the lower levels
as of now we can target the Smaller Cycles.
Technical Analysis:
the Price could not break its past ATH and it has already distributed lots of Volume on...
