Technical Analysis on Gold
Gold has been going up by a staggering 20% within just 4 weeks. After seeing this basically unsustainable growth we need to start zooming and look at the important levels for gold.
The first resistance level that you should be looking at is the one around 1780. Should gold spike up further, we can expect that the price finds serious resistance here as the 3 previous attempts to break through the price have all failed.
The second important resistance level is the one around 1900. This is the all-time-high of gold reached shortly after the financial crisis in 2008. Knowing this a new high might be coming after the Corona crisis is over.
On the support side, an short term support zone that is important is around the 1450 levels. And a long term support for when sh*t truly hits the fan is around 1050.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
The first resistance level that you should be looking at is the one around 1780. Should gold spike up further, we can expect that the price finds serious resistance here as the 3 previous attempts to break through the price have all failed.
The second important resistance level is the one around 1900. This is the all-time-high of gold reached shortly after the financial crisis in 2008. Knowing this a new high might be coming after the Corona crisis is over.
On the support side, an short term support zone that is important is around the 1450 levels. And a long term support for when sh*t truly hits the fan is around 1050.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
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Thảo luận về những biến động và nói cùng nhau về thị trường giao dịch ở cộng đồng Telegram này nhé!
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.