Gold price once again reached 2k level and stopped.
This week volumen was not peaking so even though it slightly overshot 2k, with current data I don't believie it will break this level.
On April 12th US cpi will be published so if it will significatnly rise, panic can result in peaople buying gold as a reliable form of keeping their money.
Speaking technically, if price of gold will notably go over 2000$ and next week's volumen will be peaking, I believe that gold's price will go remarkably over 2k
This week volumen was not peaking so even though it slightly overshot 2k, with current data I don't believie it will break this level.
On April 12th US cpi will be published so if it will significatnly rise, panic can result in peaople buying gold as a reliable form of keeping their money.
Speaking technically, if price of gold will notably go over 2000$ and next week's volumen will be peaking, I believe that gold's price will go remarkably over 2k
Right now I'm impartial wheter it's gonna be long or short by technical analysys.
Next week will probably show more due to the fact that yearly US inflation publication.
I'm hoping for long but I'm not gonna make any move without more signals.
I'll keep updating this thread.