The gold peaked twice at 1739 and started to fall amid a bearish butterfly formation. Gold continued its bullish stance from the previous week as it climbed steadily in the first 2 trading days last week.
The gold fell on the 2nd trading day last week as it broke below the bottom of a minor range between 1640 and 1590. However, a strong pullback occurred at 1560 which eventually send the price back to where it started at the end of the week.
Can the gold price continue to climb? Is the price too high and unattractive to investors OR perhaps it's another good opportunity to liquidate gold for cash in the face of another probable market crash?
The gold continued to plunge first since it broke below the bottom of a 10-month rising channel. It quickly found support and pulled back strongly just above 1450 and a 7-month demand zone. T
The gold achieved the highest closing price in 85 months last week. The price has climbed continuously throughout the week and regained all losses from the previous week...
I left the gold chart almost unchanged from early February. The price movement turned out almost like what I've forecast...
The gold price pulled back and rebounded off just as expected from our previous weekly forecast. With the increased coronavirus fatality, demand continues to rise for safe-haven asset thus boosting the gold price further
The gold climbed on rising demand for safe-haven assets amid China's coronavirus outbreaks.
Gold had a 5th consecutive bullish run in the weekly time-frame and confirming a break-above of a 4-month high at 1557. However, it also had one of the biggest weekly pullbacks in a...very long time.
The bullish trend unfolds steadily after over 3 months of consolidation and much faster than what was expected. The price climbed throughout last week and especially bullish on the last trading day.