GOLD
Measured move,
Basing from 2014 to 2019.
Fibonacci extension from the 19' low to covid run gives a measured target of roughly $2500 USD
also bullish flag pattern has the same target.
Once of the strongest looking sectors IMO.
Basing from 2014 to 2019.
Fibonacci extension from the 19' low to covid run gives a measured target of roughly $2500 USD
also bullish flag pattern has the same target.
Once of the strongest looking sectors IMO.
Note
Gold has pulled back, but I think its just climbing a wall of worry.The fundamental thesis behind it have never been stronger.
Note
Pulling back to 200 WMA
still just backtesting on that bullish flag.
DXY still rallying.
Note
DXY pulled back.
Pulled back to 200 WMA ?
Note
Gold having a good run, macro backdrop is turning in golds favour, my largest and highest conviction thesis.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.