The Gold will currently fluctuate between 1936 and 1950 as after the prior jumps, the rate lost its dynamism. Now we see a period when the bulls are going to collect their strength, however, firstly the bears needs to come out from their cave in the upcoming days, as a bigger drop is predicted (from 1949 to 1928).
At 1928, the rate should stop as a new downside resistance spot. The ping pong match continues from 1928 and 1936.
Down on 1928, the bears start to reconsider their position and recognize the profit and go back to their cave and the bulls can sharpen their horns and push the rate back to 1963 and even exceed its but then the rocket will not stop before 2005.
P.S.: The bears will not be supported by the FED until May when the next rate correction can be expected.
Good luck everyone
At 1928, the rate should stop as a new downside resistance spot. The ping pong match continues from 1928 and 1936.
Down on 1928, the bears start to reconsider their position and recognize the profit and go back to their cave and the bulls can sharpen their horns and push the rate back to 1963 and even exceed its but then the rocket will not stop before 2005.
P.S.: The bears will not be supported by the FED until May when the next rate correction can be expected.
Good luck everyone