Covid vaccine may see positive effects on Gold through Mar@Apl

I did initially see a possible start of the precious metal moving back to the main trend pre-end of March, as price began to settle around 1800, a sudden push south the last 7 days may be further indication of a more momentum related push north to return to the trend line from 2018, my long term view did show this dip, (see linked chart below), but with less strength and moving through March, as my thoughts were covid related, (very stupid of me), and not bank and previous market action, this push south during February may see March and April moving north, with potential for further continuation through May and June,

areas to watch for are 1728, 1740, 1762, 1800, 1828, 1858 and 1900, 1926 and 1932

For further information about my analysis please feel free to message me.

評論:

As requested removed some of the noise from the chart to make it more readable

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評論:

There are too many connections at the circle, for me not to expect a resonable retrace, that said I believe on holding the buy and getting extra profit on the correction.