GOLD: The turnaround dates have been set!
Cyclical Analysis on Gold (XAUUSD)
Precious metals and especially gold are undoubtedly an extremely popular speculative product.
If you look at the past trading days, on the other hand, there wasn't really anything to tear with this underlying. A certain volatility could only be found in a very small time window, which made the establishment and management of larger positions difficult or even impossible.
But don't worry, the volatility is coming back!
Turning dates of the coming days!
A calculation for the upcoming turnaround dates can be very useful at this point, as corresponding highs and lows can be determined in advance.
The low of June 18 came exactly with a tolerance of 0 days. This was followed by a reaction high, which arrived with a tolerance of one day. Next low is expected around June 30th (+/-). Means in detail: We reckon with (at least) one stitch through the lower limit level (green zone). The price will then recover for a few days and fall back into a sideways range. The massive increase is not expected until mid-July.
(Our turnaround dates have an average tolerance of 3 days. In 80% of the cases it is 2 days.)
Note:
Despite careful analysis, Global Investa does not accept any liability for the content, topicality, correctness or completeness of the information provided.
Precious metals and especially gold are undoubtedly an extremely popular speculative product.
If you look at the past trading days, on the other hand, there wasn't really anything to tear with this underlying. A certain volatility could only be found in a very small time window, which made the establishment and management of larger positions difficult or even impossible.
But don't worry, the volatility is coming back!
Turning dates of the coming days!
A calculation for the upcoming turnaround dates can be very useful at this point, as corresponding highs and lows can be determined in advance.
The low of June 18 came exactly with a tolerance of 0 days. This was followed by a reaction high, which arrived with a tolerance of one day. Next low is expected around June 30th (+/-). Means in detail: We reckon with (at least) one stitch through the lower limit level (green zone). The price will then recover for a few days and fall back into a sideways range. The massive increase is not expected until mid-July.
(Our turnaround dates have an average tolerance of 3 days. In 80% of the cases it is 2 days.)
Note:
Despite careful analysis, Global Investa does not accept any liability for the content, topicality, correctness or completeness of the information provided.