GOLD WEEKLY TRADE ANALYSIS(13OCT-170CT) Gold Trade by Price Action - 0 IF GOLD CAN BREAK THE PREVIOUS HIGH 4059.28 THEN IT COULD BE GONE 4100.00 OR MORE HIGH LABEL!! Gold, fundamentally, has been passing a high-demand situation. The trade war, which was sparked by unexpectedly high tariffs on China and India by the US government, This tariff and trade war brought the dedollarization. India, China. Russia and many other countries have been increasing their gold reserves. Not only this, but now the world economy is getting uncertain. When the world is facing any worse situation, then the gold demand becomes high; it is the evergreen gold demand fundamental. In a technical view, gold in monthly, weekly, and daily charts is fully in a perfect uptrend. The trend momentum is very high. Last month 02
GOLD WEEKLY TRADE ANALYSIS!! Gold Trade by Price Action - 0 GOLD COULD GO HIGHER TO THE LABEL 3950.00 OR MORE to 4000.00 !! Gold, fundamentally getting high demand this year. Because Various central banks have been increasing their reserves of gold in the world. This is the main factor in the price hike of gold. Without this, the US dollar's weakness and negative perception boost the gold price. Recently US Central Bank has cut down its interest rate, that give fuel to sky high the gold also. Gold technically, as per the weekly chart, started the bullish long-term trend in the year of 2016, then the gold price was 1380.00. We are seeing that bull run is fully Intact after 9 years! Gold, as per the daily chart, is a bullish reversal