If Gold’s $1,925 Support Fails, Next Could Be $1,887 Dixit of skcharting.com says the spot price of bullion, which he uses as basis for his technical outlooks on gold, could reach $1,887 if it doesn’t hold support of $1,925 after Tuesday’s drop to $1,927.85. “Gold has been falling and doesn't show any strength,” he said.
Gold declined on dollar strength, despite high inflation. The yellow metal found support above its uptrend line since the August low. The implied target of the preceding triangle—which turned out to be bearish—targets the low $1,700s, well below the uptrend line.
First target 1900 almost meeting... Now going for second target 1950...i am sure the big bosses already making money on Gold trading... Just that the share can't move.....
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Legend
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Posted by Legend > 2022-03-15 18:32 | Report Abuse
If Gold’s $1,925 Support Fails, Next Could Be $1,887
Dixit of skcharting.com says the spot price of bullion, which he uses as basis for his technical outlooks on gold, could reach $1,887 if it doesn’t hold support of $1,925 after Tuesday’s drop to $1,927.85.
“Gold has been falling and doesn't show any strength,” he said.