GOLD short term SHORT swing trade | long term LONG

٢٣ ديسمبر ٢٠٢٣

Gold has been quite bullish lately. Most of our TA is indicating it will keep increasing; however, in the short term we may see a small correction back to the support line ~2036.

This support line; based on our TA, may hold and then the price continues to increase. However, if it fails there may be a potential dump all the way back to the 2005 range.



In this example above you may see that on the 1 Day Gold still remains quite bullish, even if there is a chance of slight swing correction downwards.



Even on the 1 Hour, you may see we are still technically bullish, however our Cipher signals and Boom Meter Bar Colors are indicating potential for a small dump incoming.



Likewise once we activate our other core Indicators we can see all but Volume has produced a Sell Signal.

Please use caution, this is simply potential for a SHORT TERM swing trade in SHORT direction. However, long term Gold may still remain quite bullish.