Gold forecast. Starting 1st quarter with a.. Crash and rebound.
Massive sell off in the beginning of March. A historical time where investors buy gold at yearly low prices.
Were in the first quarter of 2020 and its coming to a close. The previous 2019 YE low was priced in around 1550. Were going to visit that supply zone and retest the area. This will form a Head of a well known and easily read Head and Shoulder pattern that marks reversal. Several confirmations are in play for a reversal in price once this happens. We should be ending Q1 back at 1700 based on trend line analysis and the current situation.
This is just my analysis and is not advice to buy or sell. Please note this is opinion and I am not a professional or licensed trader.
Were in the first quarter of 2020 and its coming to a close. The previous 2019 YE low was priced in around 1550. Were going to visit that supply zone and retest the area. This will form a Head of a well known and easily read Head and Shoulder pattern that marks reversal. Several confirmations are in play for a reversal in price once this happens. We should be ending Q1 back at 1700 based on trend line analysis and the current situation.
This is just my analysis and is not advice to buy or sell. Please note this is opinion and I am not a professional or licensed trader.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.