Gold Price in Oct-Nov-Dec 2020
- Price gold in uptrend from Jan-Mar, then consolidate, create resistance at $2018.45
- next uptrend Mar-Jun, even though the volume is high and the under-candle-leg longer than body-candle, test resistance and break celling price.
- significant uptrend from Jun- Au:
+ Narrow Bollinger band
+ candle short-leg
+RSI overbuy
PREDICT:
- price in uptrend, then it will go up and test the celling resistance at $2770
- price may test 2 or 3 flooring price at $2396, $2241, $2113 then bounce maximum to $2570 (the SMA price at Au7).
Advise:
.
- next uptrend Mar-Jun, even though the volume is high and the under-candle-leg longer than body-candle, test resistance and break celling price.
- significant uptrend from Jun- Au:
+ Narrow Bollinger band
+ candle short-leg
+RSI overbuy
PREDICT:
- price in uptrend, then it will go up and test the celling resistance at $2770
- price may test 2 or 3 flooring price at $2396, $2241, $2113 then bounce maximum to $2570 (the SMA price at Au7).
Advise:
.
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