Gold Forecast: Potential Drop Ahead? | Metals Mine

  • Gold Forecast: Potential Drop Ahead?

    From tickmill.com

    Gold tried to break the downtrend, but to no avail. After this attempt, long spike was still left. In principle, it might signify the potential drop of the asset’s price. Of course, gold might still manage to break the downtrend through, yet the asset’s price is likely to drop. Oil remains below the level of 86.70, preparing for breakout. Although oil might also pull back, drop, and undergo a correction. However, oil price is currently supported by the uptrend next to it. All in all, it would be wise to check the price movements of oil next to the level of 86.70, and follow the candlestick formations.

Comment Options
Trader#68EC
Oct 25, 2021 7:54am
Permalink
Yes but only in terms of the characteristic nonmonotonic movement of the price variable (a chaotic variable), as such buy dips as price is very much deviated to the north at this point [1853, 1880).

The Darkdoji
Reply

  • Related Stories

There are no posts to display for these settings.
  • Story Stats