Gold has been in a bear market and is showing significant signs of further moves to the downside.
We have further confluence with the DXY(Dollar gaining strength), Gold has spiked on a Strong resistance and is current pushing higher as of Tuesday(last week of the month).
I'm expecting a Pump and Dump on gold as it has to Trap Traders in the wrong side of the market before I pulsing to the downside.
I would like a Formation of a Bullish flag as to induce more buy as this will insure a breakage of those strong resistive areas. If a bullish inducing pattern does not occur, gold will push higher as to trigger buyers into the market.
It would be advisable to wait for breakage of Structure/Bullish inducer to occur as to get the best prices
We have further confluence with the DXY(Dollar gaining strength), Gold has spiked on a Strong resistance and is current pushing higher as of Tuesday(last week of the month).
I'm expecting a Pump and Dump on gold as it has to Trap Traders in the wrong side of the market before I pulsing to the downside.
I would like a Formation of a Bullish flag as to induce more buy as this will insure a breakage of those strong resistive areas. If a bullish inducing pattern does not occur, gold will push higher as to trigger buyers into the market.
It would be advisable to wait for breakage of Structure/Bullish inducer to occur as to get the best prices
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.
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.