Monthly: a continued bullish movement without trend component (which is proved by ADX that is going through correction). The highest possible target area is represented by the upper Bollinger band (2154.5)
Weekly: here, as you can see, there is very active ADX, that gives a chance for a breakthrough to new highs (which coincides with the monthly target 2154.5)
Daily local resistance around the upper Bollinger band (2085.3), against the background of insufficient activity of ADX can talk about the possibility of correction to the support area 2036.3-2056.8.
Expectations: And now we are waiting for a drop to 2036.3-2056.8 and then take off in the direction of 2154.5 (with a possible delay of finalizing goals till another week)
1. sales to 2036.3-2056.8
2. buy from 2036.3-2056.8 to 2154.5
Monthly: so far, the scenario with a continued upward correction in the direction of the middle Bollinger band (60.52) justifies itself. We have convergence of the oscillator, plus rounding of the bottom envelope, which talks about strengthening of the bull front.
Weekly: a complicated resistance around 46.19 (the upper Bollinger band). ADX is the trend area that is possible to correlate with both bullish and bearish fronts. Taking into account the monthly chart, we are based on growth.
Daily: technical downward correction towards the supports 41.11 and 38.30 (the middle and bottom Bollinger bands)
Expectations: now, we expect a drop to 41.11 and possibly 38.20, whereupon bulls may again try to lift the price to 46.19
1. Sales to 41.11 and possibly to 38.20
2. Purchase from 41.11 or 38.20 (on long-signals in these areas)
Monthly: gold has stopped at 1302.69 resistance zone (the upper Bollinger band). Perhaps, April will be spent in the same area, but in general the overall outlook is downward, which targets 1052.77.
Weekly: the price maintainsa bullish front in the direction of the upper Bollinger band (1309.01) with the support of the middle band area (1159.32)
Daily: flat corridor inside the Bollinger envelopes (1208.70-1264.86). Against the backdrop of a weak ADX is quite possible that this flat will continue one more week
Expectations: flat 1208.70-1264.86
solutions: Trading in both directions on yonger charts within the flat 1208.70-1264.86
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