Gold technical analysis 2019 long term forecasts Gold

gold forecast 2019
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Gold technical analysis 2019 long term forecasts Gold

Gold techinical analysis 2019 Gold long term forecasts

Gold techinical analysis 2019 
Gold yearly 2018

The correction of Gold long term quotations started in 2015 was blocked in concomitance with both the 1 X 1 zero angular support (red colored  in the slide) and the expiration of the time cycle expired in 2015.

In fact, in 2016 the Gold quotations violated the relative maximum of 2015 establishing a new annual positive directionality.

The angular support mentioned above has slowed down attempts to correction of the yellow metal also in 2017, when the annual candle was kept inside and in 2018: the minimum of this year at 1,159.96 $ was quickly reabsorbed as shown in the slide.

The year 2018 coincides with an important time deadline within a Range Square.

If this year the market will reach above 1,385 $/ounce then the positive trend started in 2016 will be confirmed. It’s the same for 2019, if the year 2018 would end with a maximum lower than this level.

Resistances and Price-Time objectives are at $ 1,434; $ 1,540 levels.

On the other hand, if the price level would fall below $ 1,050, then Gold will restore a new long term corrective push.

Angular supports at $ 1,034; $ 902.

Gold techinical analysis 2019 long-term forecasts Gold

Gold long-term forecasts

Gold quarterly novembre 2018The medium and long term pull-back attempt is clearly evident in the quarterly time frame.

Also in this case, the 1 X 2 Zero corners are slowing down the drop in Gold quotations started in the second quarter of 2018.

The recovery of prices above $ 1,275 will indicate a new positive trend for the metal price. First resistances at $ 1,450, subsequent to $ 1,515.

The 1 X 2 Zero additional dynamic support is placed in the $ 1,150 area; subsequent supports for the descent at $ 980.

The Gold technical analysis report is based on the free software Top Trader©.

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