In my last analysis, i shared the possible bearish movement of Gold. The price met the projection.
As of Today i am sharing fresh charts i am expecting the Gold to go further down to meet 200 SMA on 4H chart i.e: 1952 value. I am aiming at 1970 and if price penetrates the 1960s level i will set SL just above 1970 and expect the 1950-1955. I will exit my short position at 2015.80.
The Interest rate factor ( in may) smash the gold prices further. I am expecting Gold to go low on all time high US interest rates since 2008.
How do u think about the gold price movement
Do comment on the idea and odds.
Cheers and keep wining
As of Today i am sharing fresh charts i am expecting the Gold to go further down to meet 200 SMA on 4H chart i.e: 1952 value. I am aiming at 1970 and if price penetrates the 1960s level i will set SL just above 1970 and expect the 1950-1955. I will exit my short position at 2015.80.
The Interest rate factor ( in may) smash the gold prices further. I am expecting Gold to go low on all time high US interest rates since 2008.
How do u think about the gold price movement
Do comment on the idea and odds.
Cheers and keep wining