Gold: 78.6% retracement in 1/3 time
Updated
Decided to share my bullish bias with this chart on gold.
Bullish bias:
78.6% retracement in 1/3 time
Bullish hidden divergences in volume (and momentum, however volume is plotted on chart)
Initial target is the total distance from A-B projected from C, coming in at aprox. 1998$ for gold, which in turn completes the bearish AB=CD. Other potential targets plotted as .382 and .618 on the chart!
Good luck to everyone buying gold!
Bullish bias:
78.6% retracement in 1/3 time
Bullish hidden divergences in volume (and momentum, however volume is plotted on chart)
Initial target is the total distance from A-B projected from C, coming in at aprox. 1998$ for gold, which in turn completes the bearish AB=CD. Other potential targets plotted as .382 and .618 on the chart!
Good luck to everyone buying gold!
Note
Ascending trendline, 61.8% retracement and bullish hidden divergences appearing on the hourly charts:
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.