Gold buying forms new upwards channel looking too long [BTFD]
Updated
lots of people looking towards gold to see if it can rally back upto 1300
a new, smaller channel has formed and broken away from the old downtrend channel, resulting in the low of 1160
looking to find a good entry on gold, really for fuull bull we wanna see it stay above 1220 BUT it may come down as the market breathes towards the support levels shown
COP just signalled that its coming out of overbought areas
aggressive traders can look to enter but more cautious one might want to watch it come down to around 1180-1200 and wait for a good upwards flow to break out towards 1300 and beyond
some good scalps possible if it fits into the channel as we head towards 2019
if the charts help you or want to show some love, please like the chart say hello in the comments (i reply to everyone) or if you have any questions please also do the same...
a new, smaller channel has formed and broken away from the old downtrend channel, resulting in the low of 1160
looking to find a good entry on gold, really for fuull bull we wanna see it stay above 1220 BUT it may come down as the market breathes towards the support levels shown
COP just signalled that its coming out of overbought areas
aggressive traders can look to enter but more cautious one might want to watch it come down to around 1180-1200 and wait for a good upwards flow to break out towards 1300 and beyond
some good scalps possible if it fits into the channel as we head towards 2019
if the charts help you or want to show some love, please like the chart say hello in the comments (i reply to everyone) or if you have any questions please also do the same...
Trade active
Trade active
DXY pushing down on metals possibilities of some good entries but wanna see a close above 1220
Related publications
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.