XAU/USD
Traders and Investors Welcome to my forecast
First of all thank you for analysing my chart and taking the time to reflect on it. A brief summary:
* We start to see significant approaches between the 200 MA and the 50 MA indicators
* I assume that prices are still not overbought based on the RSI, however prices will be soon after the optimistic and appreciation period in gold.
* Investment banks, commercial banks and investment banks will start liquidating their positions, more price volume means there is/will be a significant move in demand.
Thanks for reading and regards,
Kevin C. Best
First of all thank you for analysing my chart and taking the time to reflect on it. A brief summary:
* We start to see significant approaches between the 200 MA and the 50 MA indicators
* I assume that prices are still not overbought based on the RSI, however prices will be soon after the optimistic and appreciation period in gold.
* Investment banks, commercial banks and investment banks will start liquidating their positions, more price volume means there is/will be a significant move in demand.
Thanks for reading and regards,
Kevin C. Best
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