Hello Everyone. I actually have been working on this chart for awhile and seemingly just realized I forgot to post it. Has been following my prediction so far.
Little rough but i believe a rise in interest rates is coming which will push the demand for gold -0.80% up. Continued weak dollar will also push the demand higher. A breakout is approaching and long term trends along with an inevitable golden cross will show this (only have free version so can only post so many indicators at a time). MACD and BB are also agreeing.
Big fan of opposing/supporting views along with comments and feedback. Have a lovely day and happy trading!
Little rough but i believe a rise in interest rates is coming which will push the demand for gold -0.80% up. Continued weak dollar will also push the demand higher. A breakout is approaching and long term trends along with an inevitable golden cross will show this (only have free version so can only post so many indicators at a time). MACD and BB are also agreeing.
Big fan of opposing/supporting views along with comments and feedback. Have a lovely day and happy trading!
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UPDATE: CPI report is released. Follows exactly what i have been advocating. Will continue to update as future news is released. If we are heading to another year full of inflation (as i believe) expect high interest rates and gold to sky rocket to its 100 level as in 2016. Best of luck to all.
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I have changed my idea on this. Data has showed that Gold is following the same pattern as it did in July 2016 to September. Predicting history repeats itself and we see a crash to 1270's.
Best of luck
Best of luck