Given the fact that gold dropped out of the triangle which lasted a couple of weeks,(broke that 2015-2016 level) I expected a strong follow up or strong move down from sellers. What I see here is bulls trying to gain control and move the price higher. Now price is back at the same 2015 level in an impulsive manner. The next days coming will surely be interesting.
Also the price of silver is dropping hint. It's worth keeping an eye on.
Also the price of silver is dropping hint. It's worth keeping an eye on.
Note
A candlestick to watch if you are bullish...Note
The signs were there...Note
Just as I thought...Note
Turns out it was a fake out...or liquidity grab...or whatever you call. I just look at what the price does in a logical way. If price breaks out of a triangle, there's usually a strong follow through. The moment I didn't see one, it told me everything I needed to know.Note
And now aiming even higher. Better buy now.
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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.