on weekly chart you can see gold creating U shape and doble bottom pattern
in fair analyse 3 scenario on gold can happend
30% it start go up to 1900-1920
50% it little go down, above trend line start big + trend
10% can zigzag range
10% going to 1500$(need very big news)
note:we belive gold fair value is 2000$ ,for this 99% looking for buy ,sell on gold is very dangerous
note= gold in daily chart and 240min and 60min is very important , weekly chart not very important
in fair analyse 3 scenario on gold can happend
30% it start go up to 1900-1920
50% it little go down, above trend line start big + trend
10% can zigzag range
10% going to 1500$(need very big news)
note:we belive gold fair value is 2000$ ,for this 99% looking for buy ,sell on gold is very dangerous
note= gold in daily chart and 240min and 60min is very important , weekly chart not very important
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.