Gold respecting the 8h VWMA
Price frequently pulls back to or near the VWMA before bouncing upward, suggesting traders are using it as a reference for entry during dips.
The weekly candles are bullish, with the price breaking above their highs. This confirms a bullish breakout on the higher timeframe.
The weekly candles are bullish, with the price breaking above their highs. This confirms a bullish breakout on the higher timeframe.
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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.