-Gold has been suffering from a correction that was to be expected.
-After all, more than once it sought the historic top formed in the price region of 2075 (08/07/2020) and was unable to break through.
- Let's be more precise. We have three tops. These tops are descending. And they have the following values: 2075 - 2070 - 2067.
-And do you know what that means? I will tell you now. It doesn't mean anything, because I put these values only to appear in the text! Or not? (lol)
-But let's get down to business.
-We have the asset about to form a bearish pivot on the monthly chart according to the SETUP used, but only if there is a loss of the 1894 region.
-We know that trends are more relevant when they are found on long-term (monthly) charts.
-Based on SETUP, I venture to say that we have two interesting support points for the asset at the moment, and as said, only if there is a loss of the informed region, and they are: 1806 and 1678.
-If prices respect the last region (1678), I might consider interpreting this correction as the possibility of forming a huge 'CUP and HANDLE', in which your price projection is the region of 2675, which will represent a nice upside .
-It is worth reading this analysis about gold!
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop Loss!
-See other graphic reviews below!
-After all, more than once it sought the historic top formed in the price region of 2075 (08/07/2020) and was unable to break through.
- Let's be more precise. We have three tops. These tops are descending. And they have the following values: 2075 - 2070 - 2067.
-And do you know what that means? I will tell you now. It doesn't mean anything, because I put these values only to appear in the text! Or not? (lol)
-But let's get down to business.
-We have the asset about to form a bearish pivot on the monthly chart according to the SETUP used, but only if there is a loss of the 1894 region.
-We know that trends are more relevant when they are found on long-term (monthly) charts.
-Based on SETUP, I venture to say that we have two interesting support points for the asset at the moment, and as said, only if there is a loss of the informed region, and they are: 1806 and 1678.
-If prices respect the last region (1678), I might consider interpreting this correction as the possibility of forming a huge 'CUP and HANDLE', in which your price projection is the region of 2675, which will represent a nice upside .
-It is worth reading this analysis about gold!
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop Loss!
-See other graphic reviews below!
