Gold’s Next Move: Upward Momentum Building at Key Support

8 Jan

Gold is reacting exceptionally well to the Fork.

It has not opened and closed below the L-MLH within a single bar, which eliminates any immediate downside expectations.

Instead, we observe a condensed, slanted trading range or coil, indicating that price is being gradually pressed to the upside.

In my previous post about Gold, I anticipated a rocket-like breakout. Since then, price has simply moved down to the L-MLH, finding support there. This price action, coupled with the ongoing upward pressure, confirms my analysis—albeit slightly delayed.

As NQ and S&P approach their respective targets, as outlined in my other analysis, I expect Gold to start moving upward, with targets at the CL and U-MLH.

20 Jan

Catatan

Hanging at the 1/4 we look for further gains to the upside.
Target is still the Center-Line.