Flyerdan
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In this Chart you see:- Price Chart of Gold in USA- moving averages 10,20, 30 (MA10,20,30)- extremal Deviation between MA30 and price at same timeBelow of the price chart- RSI- Slow stochastic overlayed with Bollinger B.The Slow stochastic shows, that a long term trend is in final area.Comparing with correction in the past, now there are several conditions fillfulled for a massive correction, roundabout 20-30%
Regarding the chart, two remarks:- heavy price acceleration will end- Deviation from 200MA: typical sign for correction.Maybe we will see 2400 USD/OZ, but for shure expect correction down to 2800 at minimum.2500 also possible.Reason: maybe fundamental. Toll problems will be solved. Escape Room Gold not longer required.
Meantime Gold did a spectacular upmove without any greater correction.But meantime,,there we have a classical 1 to 5 price action.Wave 3 completes plus minus 3%,,correction towards 2600 USD in next monthes.Wave Ii to Iii in detail
Massive upward Trend in Gold.Now, correction ahead, due of SKS and some Indicators with specialmextrems.Targets 2840 first.The we will see.
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