Monthly chart: So, the upper Bollinger band turned to record-making highs again by pointing to 2193.3, where we will wait when the index will move down.
Weekly chart: the chart is ascending, but from the area 2120.9 one more roll down is probable to the middle Bollinger band (2044.0) .
Day chart: the Inside Bar is breaken but the envelopes are still turned flat within the range 2045.0-2118.0
Expectations: so, growth to 2193.9 and a preliminary decline to 2045.0 to 2120.0 are equally probable.
1) If we receive additional short signals in the area 2120.0, we shall sell to 2045.0
2) We buy from 2045.0 expecting the movement to2193.9
Monthly chart: meanwhile everything speaks for ther March Inside Bar with the potential of decline to 41.17.
Weekly chart: We confirm the potential of decline to 41.17 (the bottom Bollinger band)
Day chart: Resistance is based at 58.49 (the middle Bollinger band ).
Expectations:I am waiting for a possible touch of the area 58.45 and start of drop in the direction of 52.71 and a middle-term target to 41.17 .
1) If we receive short signals in the area 58.45, we should sell to 52.71 and 41.17
Monthly chart: bears still fight to break February's Inside Bar with the potential to move down below psychological 1000 convential units per ounce. It is slightly probable that it would happen in March, cause potential is not enough.
Weekly chart: a wide flat range 1138.42-1286.47
Day chart: Resistance is better focused in 1224.11.
Expectations:So, I would wait when correction on gold is worked to 1224.11 and a new wave of decline in the direction of 1138.42
1) We buy to 1224.11.
2) We sell from 1224.11 to 1138.42
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us