Events in the last couple of days, namely the US lame-duck-type of elections outcome have triggered a series of market movements. Gold appears to be breaking its longer term pattern to form the cup handle, and is breaking out of yet another wedge.
This break out appears technically legit as gold failed to make an expected lower low, but bounced strongly off a support instead. The recent price action is supported by MACD and relative strength indicators as a move with legs. The breakout from the falling wedge puts a price target at the previous historical high of 2080 by the end of the year 2020.
All these appear supported by a further falling of the USD as well.
This break out appears technically legit as gold failed to make an expected lower low, but bounced strongly off a support instead. The recent price action is supported by MACD and relative strength indicators as a move with legs. The breakout from the falling wedge puts a price target at the previous historical high of 2080 by the end of the year 2020.
All these appear supported by a further falling of the USD as well.
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이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.