Gold forecast 2021 trend technical analysis in the short and long term

forexgann

Gold forecast 2021 – Gold prices trend today

Gold forecast 2021 price trend in the medium and long-term forecasts through the cycles and the technique of the US economist and trader W.D. Gann.

Gold price graphic

gold price forecast 2021
Gold weekly 07.01.21

Gold forecast in the short term

Since the weekly low of 17 August 2018, the Gold market has triggered a new long-term bullish dynamics.

Indeed, the week of August 17 was the third bottom from which the Bull-Campaign of the Gold market was restarted.

With the positive infringement of the $ 1370 area in the week of 21 June 2019, the price dynamics went out of the accumulative area that had characterized the entire previous period from January 2016 to March 2019.

However, during the positive trend we have seen some mixed periods in the various market movements.

For example the swing between weeks 15 November 2019, 13 March 2020, 20 March 2020, 17 April 2020.

On that occasion, the short-term trend has changed several times, generating a new lateral area in which the rising force subsequently continued with more momentum.

In fact, following the double weekly low of 15 November – 20 March, the weekly price returns initially increased the natural Drift 4 times and subsequently 2 times.

The rapid movement of the prices led Gold to touch a new all-time high at $ 2075 in the week of 7 August 2020.

The second example of a mixed and complex period for traders to manage was right after the historic top.

In fact, we witnessed an initial lateral phase until mid-September, which was not resolved with a positive, but a negative movement, in the week of 25 September 2020.

Although prices have returned to the 1X1 ascending angle, visible in the photo with red vectors, the new ascending Gold swing that culminated in the week of November 6 was denied by the weekly Set Up of November 13, 2021.

On that occasion, the market configured a bearish out-side, subsequently generating a corrective trend that broke downward the 1X1 angular dynamic supports, always irradiated in red.

Prices hit the bottom of the upward corridor the week of November 13, with a low of around $1850.

During the last short-term temporal cycles that expired in the week of 11 December 2020, Gold has generated a new positive movement.

But those 1X1 angular supports, which in the previous phase had supported the Up trend, are now generating resistance.

In fact, the dynamic obstacles in these first weeks of January are placed in the 1930 $ area; 1970 $.

This month’s Set Up Weekly are January 8 and January 22, 2020.

The short-term trend today is positive.

If next week the low of this week, which is currently $ 1893, is breached, a new short-term negative trend will re-establish: supports in the $ 1805; $ 1820 area.

Gold trend 2021 in the medium term

gold price forecast today
Gold monthly 01.06.21

In the medium term, it is clear that the 1X1 Zero angles have given important support in the last months of 2018, effectively supporting the new bullish evolutionary phase of Gold.

The relevant monthly Set Ups in this last period were August 2020 and December 2020.

In the first cycle we witnessed a top of the Gold market from which a corrective dynamic evolved, which was blocked by the Zero 1X1 angle, in the $ 1764 area.

In the second Minimum Square temporal cycle, the market attempted a major recovery, but without any operational cue as the monthly candle ended inside.

If prices reach above the $ 1975 level then the medium-term trend, still corrective today, will also turn positive.

Gold technical analysis in the long term

gold price forecast tomorrow
Gold quarterly 01.06.21

The long-term dynamic is ascending. The first resistances are in the 2024 $; 2173 $ area.

Only a return below $ 1746 will trigger a new corrective phase in the medium and long term.

Top Trader© Stock Exchange software to correctly apply the Gann technique

The Top Trader© Stock Exchange software is an excellent informatic support for those wishing to study the markets with the Gann technique.

In addition to the various application utilities, such as Squares and Gann angles, the speculator will be able to derive the temporal cycles through the Gmax Var, that is a cyclic oscillator based on Zero angles and a static price level.

It will be able to identify various pricing options and work with hundreds of markets in the database.

In addition, particular attention was paid to the use of Call and Put Options for hedging and to speculate directly on the markets.

In fact, the control panel provides detailed data on the various Greek.

In the strategies it is possible to have payoffs at maturity and simulated day by day, with the possibility of applying various volatility models.

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