Gold's Moves Above Trend is Fleeting !!!
Updated
My chart is a depiction of Golds move and duration above trend since 1/2/2019 all year you might say !!! :-)
Gold has resin above trend a total of five times and has failed to stay above trend longer than a 24 hr period give or take a couple of hours in mean average ???
This chart is set on 4hr. timescale and gives a enlighten Glimpse at gold in the 4hr. time frame cycle !!!
So my advice is do not go Charging like a Bull through a China Shop buying up Gold Miners & Etf's today 1/27/2020 before a solid 24hr. cycle occurs to observe Golds position and settlements !!! Use caution wait & see approach. :-) As always Good & Fruitful Trading !!! :-)
Gold has resin above trend a total of five times and has failed to stay above trend longer than a 24 hr period give or take a couple of hours in mean average ???
This chart is set on 4hr. timescale and gives a enlighten Glimpse at gold in the 4hr. time frame cycle !!!
So my advice is do not go Charging like a Bull through a China Shop buying up Gold Miners & Etf's today 1/27/2020 before a solid 24hr. cycle occurs to observe Golds position and settlements !!! Use caution wait & see approach. :-) As always Good & Fruitful Trading !!! :-)
Note
correction: 1/2/2020 trend line to present of 7/27/20220
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