-Are investors excited about the direction of global economies? If the answer is a yes, I will see it as raising my hair.
-Gold, yes, it, the world's store of value, is on the verge of pivoting downwards on the monthly chart. It really seems that things are trying to straighten out in the civilized world (I don't believe it. In fact I believe in parts). (lOl). Will the region of 1678 be the destination of my darling gold?
-Will we form a CUP and HANDLE? Omg! If the answer is yes, will the new high for gold be at 2675? OmG again! (11)
-The downward pivot on the weekly chart is still active and the SETUP used has not yet indicated a possible stop, or, who knows, a reversal. Soon, 1768 could be right around the corner!
-Going down to the daily chart, we have the long average just below, in the region of 1843. Will he be able to hold prices? The "GOLDEN TRIPLE OF THE SETUP" at 1740 could be the price destination on that timeframe depending on the SETUP used. Let's wait, because time will answer us!
-Do your analysis and good business. -Be Aware, If You Buy, Use Stop! -See below for other graphic reviews!
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.