Do you invest in gold or stock markets in the coming months?
The demand is legitimate as the stock markets are set strongly upwards, but gold is also targeted very interesting. The common opinion, in fact, is that the quotations of the precious metal (real-time price) will continue to rise in the coming months.
Therefore, we must try to understand what the bullish potential of gold is and compare it with that of the stock markets for which, in the case of the Italian index, a rise of at least 25% is expected.
Do you invest in gold or stock markets in the coming months? the objectives according to the graphic and forecast analysis
Daily time frame
The last few sessions have seen strong resistance in the $ 1,804 area. After several fluctuations, however, the last session of the week saw the breakdown of this important level. At this point there are the preconditions for the rise to continue up to the 3rd price targets in the $ 1,871 area.
Clearly, the daily closing break of the support in the $ 1,804 area could bring the prices down to the $ 1,779 area.
GOLD: bullish projection in progress on the daily time frame. The blue line represents the running bisector levels; the red line the levels of The New Law of Vibration.
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Weekly time frame
On the weekly all proceed as per manual. New week on the upside with target in the area $ 1,975 and maximum extension in the area $ 2,220.
Wanting to be over-cautious, we note how the $ 1,823 aera resistance rejected the quotes. This weakness should not be overlooked. Prices, in fact, could, without any impact on the current trend, go down to support in the $ 1,730 area.
GOLD: bullish projection in progress on the weekly time frame. The blue line represents the running bisector levels; the red line the levels of The New Law of Vibration.
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Time frame mensile
Also on the monthly everything proceeds as expected with the quotations directed towards the III ° price target in the $ 1,917 area. A monthly close above $ 1,831 would be required to achieve this goal.
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GOLD: bullish projection in progress on the monthly time frame. The blue line represents the running bisector levels; the red line the levels of The New Law of Vibration.
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Conclusion: the spaces for a gold rise are quite limited. Until proven otherwise, therefore, we must continue to ride the rise in the stock markets.
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