GOLD has been stalling around $2,300 price levels, but is likely to start trending up soon. I have these key Fibonacci levels to monitor on the way up with the first key price target around $2,528. The second key target takes GOLD above $3,000 with a price target around $3,090.
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URA has been trading within a range between $18.41 and $32.61. There is resistance at the red trendline, and URA continues to make more attempts to break through this $32.61 resistance level. I think there will be a bullish breakout eventually, for now I would monitor $32.61 for a breakout or continued rejections. Follow me […]
Read MoreSLV has formed a correction, and is approaching a $27.29 support level. I think $27.29 needs to hold otherwise SLV can trend down to the red trendline around $22.55. GOLD has been more bearish relative to SLV so I think there’s hope of $27.29 holding for now. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreGOLD has experienced a sharp selloff after the US election. Trump’s victory is causing market euphoria right now, and the markets are in a risk-on phase. Traders prefer to take risks with hopes of higher ROI in tech stocks and crypto. There is little interest in risk-off assets like gold and US bonds at the […]
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URA has been trading within a range between $18.41 and $32.61. There is resistance at the red trendline, and URA continues to make more attempts to break through this $32.61 resistance level. I think there will be a bullish breakout eventually, for now I would monitor $32.61 for a breakout or continued rejections. Follow me […]
Read MoreSLV has formed a correction, and is approaching a $27.29 support level. I think $27.29 needs to hold otherwise SLV can trend down to the red trendline around $22.55. GOLD has been more bearish relative to SLV so I think there’s hope of $27.29 holding for now. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreGOLD has experienced a sharp selloff after the US election. Trump’s victory is causing market euphoria right now, and the markets are in a risk-on phase. Traders prefer to take risks with hopes of higher ROI in tech stocks and crypto. There is little interest in risk-off assets like gold and US bonds at the […]
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