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Gold Goes Steady
Fundamental Analysis:
Inflation will bring gold price up, being a safe haven it will provide a steady stable week ahead.
Otherwise I'd say bearish, speaking for some analyst who I disagree with partly... we will have to sweater the release of US news.
Technical analysis:
2 hour chart that shows a range of day & week perspective. The price action shows us a bullish outcome ahead because of:
1. The trend currently is on the lower band of a semetrical triangle.
2. The RSI & Stochastic indicators shows rebound on the price level ~1950.
3. It is above the 50 EMA.
Let me know what you think of my analysis, if you agree or disagree & how I could improve myself.
Many thanks - Mr Mustafa
Inflation will bring gold price up, being a safe haven it will provide a steady stable week ahead.
Otherwise I'd say bearish, speaking for some analyst who I disagree with partly... we will have to sweater the release of US news.
Technical analysis:
2 hour chart that shows a range of day & week perspective. The price action shows us a bullish outcome ahead because of:
1. The trend currently is on the lower band of a semetrical triangle.
2. The RSI & Stochastic indicators shows rebound on the price level ~1950.
3. It is above the 50 EMA.
Let me know what you think of my analysis, if you agree or disagree & how I could improve myself.
Many thanks - Mr Mustafa
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