I'm seeing pullback to some Fib levels before continuing Bull.
The 200 MA is in our way along the way up. But the other MA's have begun fanning out for an uptrend. I don't see it going lower than $1125 anytime soon. The political environment is tumultuous. This fear is good news for investors in the old golden trusted investment. None of this is taking into account the relationship to the USD, notes, bonds or other currencies. But just looking at the technical analysis for Gold, i'm seeing a Bull for the upcoming year.
Targets
Fibonacci from July - Present
.5 level $1250
.618 level $1279
I would look for something in this range in the first half of 2017
Resistance
$1262
Historical Price Action October 2016
The Daily 200 MA still needs be crossed up over for a more convincing Bull trend.
Support - Fibonacci Dec 2016 - Present . Possible Pullback
.236 level $1201
.382 level $1186
.5 level $1175
.618 level $1163
December Low Support $1125
RSI/Stocastic - Neutral to Buy
MacD - Overbought
Riding top of Bolinger Band
https://www.tradingview.com/x/zpkK6IUc/
Disclaimer: I don't know anything, I am an idiot. You are responsible for your own decisions and risk. Donations are welcome at coinbase.com/jacobts
The 200 MA is in our way along the way up. But the other MA's have begun fanning out for an uptrend. I don't see it going lower than $1125 anytime soon. The political environment is tumultuous. This fear is good news for investors in the old golden trusted investment. None of this is taking into account the relationship to the USD, notes, bonds or other currencies. But just looking at the technical analysis for Gold, i'm seeing a Bull for the upcoming year.
Targets
Fibonacci from July - Present
.5 level $1250
.618 level $1279
I would look for something in this range in the first half of 2017
Resistance
$1262
Historical Price Action October 2016
The Daily 200 MA still needs be crossed up over for a more convincing Bull trend.
Support - Fibonacci Dec 2016 - Present . Possible Pullback
.236 level $1201
.382 level $1186
.5 level $1175
.618 level $1163
December Low Support $1125
RSI/Stocastic - Neutral to Buy
MacD - Overbought
Riding top of Bolinger Band
https://www.tradingview.com/x/zpkK6IUc/
Disclaimer: I don't know anything, I am an idiot. You are responsible for your own decisions and risk. Donations are welcome at coinbase.com/jacobts
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Disclaimer
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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.