Hello friends, how are you? I hope everyone will be fine. My name is Goldman. Today is my first day on the forum. I will share my analysis and my strategy with you all here.
Analysis on Gold
If we look at gold according to the daily chart then gold is in bullish trend at the moment. If it breaks the resistance of Gold 1872 then Gold 1900 can go up. Gold will then face resistance of 1907. If Gold breaks resistance of 1907 then Gold can go up to 1960 or 2000. But at the moment Gold is under considerable pressure. Because if usdx gets stronger then gold may fall down. If it breaks the support of Gold 1850 then Gold can fall down to 1830 or 1800. But then it would be better to sell gold short term.
Analysis on Gold
If we look at gold according to the daily chart then gold is in bullish trend at the moment. If it breaks the resistance of Gold 1872 then Gold 1900 can go up. Gold will then face resistance of 1907. If Gold breaks resistance of 1907 then Gold can go up to 1960 or 2000. But at the moment Gold is under considerable pressure. Because if usdx gets stronger then gold may fall down. If it breaks the support of Gold 1850 then Gold can fall down to 1830 or 1800. But then it would be better to sell gold short term.
