Monthly chart: As we see, the index has been moving upward with a notable acceleration, so the last trend line is helpful for forecasting. Any correction towards the middle Bollinger band (1953.9) contains potential for a downward reversal. Meanwhile, the upper Bollinger band (2196.1) is not the line where the price follows .
Weekly chart: a better-shaped resistance at 2147.2 (the upper Bollinger band ). Waiting for decline from there down to 2025.9 (the middle band).
Day chart: flat 2076.8-2135.8
Expectations: growth to 2135.8-2147.2 will continue and correction will start to 2025.9
1) Waiting for sell signals in 2135.8-2147.2 with the target 2025.9
Monthly chart: scenario remains unchanged – decline to the bottom Bollinger band (45.68).
Weekly chart: two rather strong support lines on the way - the middle (61.08) and the bottom (51.14) Bollinger bands .
Day chart: flat along with the passive ADX — waiting for trading inside 61.08-64.50 with South potential preserved.
Expectations: growth to the area 64.50 and a new decline to 61.08with an attempt to break lower.
1) Keeping sales.
2) New salesmen can look for chances in the area 64.50.
Monthly chart: gold is still inside the bottom Bollinger envelope and this tendency seems to continue.
Weekly chart: flat inside a wide channel 1142.23-1273.18.
Day chart : also flat 1168.33-1208.37. Besides, inside bar from the upper Bollinger band has been received, so the point 1168.33 can be achieved with a high probability.
Expectations: decline to 1168.33 and bounce up.
1) Sell to 1168.33Publication source