The price of gold is about to break upward as upper bounds of RSI Strap has been broken and US equities are extremely volatile.
I am expecting a very weak open for stocks and a continuation of the gold price rally.
Gold has been trading within a tight range since August and volatility of this extent is expected.
Targets for this trade sit around $1350, although macro-trends indicate that this may be the last time to buy.
Please view below:
I am expecting a very weak open for stocks and a continuation of the gold price rally.
Gold has been trading within a tight range since August and volatility of this extent is expected.
Targets for this trade sit around $1350, although macro-trends indicate that this may be the last time to buy.
Please view below:
Note
Let the profits run.Note
The upper level is now support. This breakout will continue to run.
Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.
kenzing.com
kenzing.com
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.
Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.
kenzing.com
kenzing.com
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.