Gold has been entrenched in a considerably low position since 1812 during the onset of the war. Over this period, gold has managed to breach several critical levels on the charts, as evident to anyone observing. Currently, gold finds itself at a juncture where it has the potential to either ascend towards $2000 or descend to around $1930 or possibly lower.
For precise reference, you can refer to the levels marked on my charts. The key indicator for a bullish move beyond $1997 lies in the volume - a strong surge in trading activity could propel it towards $2020 and beyond. Conversely, if gold remains stable or gradually dips below this level, it may signify a retracement or pullback. It's important to take into account the actions of retail traders who might be offloading their positions.
Additionally, there are those who remain convinced that the ongoing war will continue to push gold higher. To gain a deeper insight into this, you can watch the previous video we created or consult my gold journal for more comprehensive information.
For precise reference, you can refer to the levels marked on my charts. The key indicator for a bullish move beyond $1997 lies in the volume - a strong surge in trading activity could propel it towards $2020 and beyond. Conversely, if gold remains stable or gradually dips below this level, it may signify a retracement or pullback. It's important to take into account the actions of retail traders who might be offloading their positions.
Additionally, there are those who remain convinced that the ongoing war will continue to push gold higher. To gain a deeper insight into this, you can watch the previous video we created or consult my gold journal for more comprehensive information.
