
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
2020-12-23 • Updated
Gold is down to $1 860 this week. That’s a retrace downwards from the upward march to $1 900 it did recently. Technically, looks very likely that this all fall well into the wavy uptrend as marked on the H4 chart below. If the trend continues, the gold price may reach $1 960 by the end of January – under the assumption that the current march keeps going upwards at the same pace. Reaching $1 900 and crossing it in about two weeks would be a good indicator to confirm that assumption. Therefore, let’s watch this resistance of $1 900 – it has tactical importance now.
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
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Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
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