GOLD ANALYSIS - WEEK 7
GOLD fell has projected in the last post and this was due to easing tension in Russia, GOLD has a lot more room to fall and can do so should any news or fundamental data provide a positive outlook on strengthening economies or a peace agreement with Russia.
GOLD'S current zone is choppy and I will not trade until I see a directional bias.
I expect GOLD to fall further to 1827, this is the maximum threshold which GOLD can be put under. Anything lower than there and it would collapse but on the flip side GOLD can create a deep new higher lower and continue it's journey towards 1895 - 1924. I will watch and pull the trigger once I am ready.
GOLD fell has projected in the last post and this was due to easing tension in Russia, GOLD has a lot more room to fall and can do so should any news or fundamental data provide a positive outlook on strengthening economies or a peace agreement with Russia.
GOLD'S current zone is choppy and I will not trade until I see a directional bias.
I expect GOLD to fall further to 1827, this is the maximum threshold which GOLD can be put under. Anything lower than there and it would collapse but on the flip side GOLD can create a deep new higher lower and continue it's journey towards 1895 - 1924. I will watch and pull the trigger once I am ready.
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