The European inflation rate has risen to a 30 years level specially Germany ,Evergrande (the Chinese real estate giant) is falling day after day and it could lead to a future 2nd generation Lehman Crisis (2007) and more ...
This all could lead to a bullish Gold commodity .
TECHNICALLY talking :
the chart represents Short term view of the XAUUSD pair , the first thing that we should notice is that the gold has been ranging since 3 months , it is in its lowest.
Last week the gold broke the 1/4 level of the range (1750$) with a cross over of the 209 and the 38 HULL MOVING AVERAGE .
we can expect the gold to reach at least 1779$ level in case of it breaks the bearish channel to declare a potential beginning of a bullish trend
This all could lead to a bullish Gold commodity .
TECHNICALLY talking :
the chart represents Short term view of the XAUUSD pair , the first thing that we should notice is that the gold has been ranging since 3 months , it is in its lowest.
Last week the gold broke the 1/4 level of the range (1750$) with a cross over of the 209 and the 38 HULL MOVING AVERAGE .
we can expect the gold to reach at least 1779$ level in case of it breaks the bearish channel to declare a potential beginning of a bullish trend
Trade geschlossen: Ziel wurde erreicht:
TARGET REACHED !
Gold might go down to reach $1723 level and go back up to it's target after making a potential double bottom.