currently, gold is building a new bottom in the $ 1175-1200 price range. I'm assuming that we will not see any further consolidation, demand in this area is just too strong, and there is another noticeable shift in capital from the stpck sector to the gold sector. I have bought at $ 1180 for the long term and will buy more in the next few days once the bottom is confirmed. RSI is strong oversold, It's been years since he looked like this, MACD also very bullish. No sell target cause i use gold as a value investment for the next crisis which is not to far away from us.
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Goldprice is forming the bottom at 1200 $, looks currently very stable. I will buy more gold If we hold this line the whole next week.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
