Monthly chart: need to wait for the closing of the month bar to see the real reaction of the index to the important support from the middle Bollinger band (1971.8). ADX/RSI still retains a corrective configuration that leaves bulls a chance for revenge.
Weekly chart: intensive return to the area of the middle Bollinger band (2087.4) after the breakdown of the bottom of the envelope. As soon as the price touches this area, we can expect another decline.
The daily chart: similar picture, but with the more localized middle Bollinger band (2049.0)
Expectations: So, we wait for growth to 2049.0 and then decline to 1900.0.
1) Sell from 2049.0 to 1900.0.
Monthly chart: despite an intensive correction of the last week, the lower Bollinger band continues to point at 36.85, which is the medium-term target for decline.
Weekly chart: well-shaped convergence of the oscillator - for bulls. There is potential for a correction up to the middle Bollinger band (59.24), where we will wait for another run down.
The daily chart: more localized strong resistance at 54.50 (upper Bollinger band).
Expectations: a little more correction up to 54.50, and then decline to the area of 43.00
1) We keep selling in the medium-term and will add to the 54.50 zone.
Monthly chart: the price continues a corrective recovery of gold. The final goal of the correction - 1228.59 (middle Bollinger Band), where, presumably, bears will attack the area of 1040.72 again.
Weekly chart: some grip between the levels 1093.35 and 1169.00. The week can be spent within this corridor.
The daily chart: a more localized support at 1117.10.
Expectations: growth to 1169.00 and then decline to 1117.10
1) Buying to 1169.00
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us