GOLD HAS BOTTOMED
Good day everyone.
Gold has bottomed based on past price action. Daily MACD showing a change in direction , akin to a double bottom as well.
En route to testing 21 MA on daily, 1753. Fibo level 161.8 is around 1770 but i will taking profits early , dont want to risk losing that bag. You can always enter again after a minor correction of the pump regardless. No harm. anything after 1770, i will enter a swing trade.
Gold has bottomed based on past price action. Daily MACD showing a change in direction , akin to a double bottom as well.
En route to testing 21 MA on daily, 1753. Fibo level 161.8 is around 1770 but i will taking profits early , dont want to risk losing that bag. You can always enter again after a minor correction of the pump regardless. No harm. anything after 1770, i will enter a swing trade.
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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.