GOLD: THE BEST SUPPORT LINE OF 20/21 SEASON 🧙♂️
Gold is dying and it's no longer a secret, but look at this beauty. It's been a small cheat code that I've been using for gold since April 2020. Every time we touch that support line, boom, the gold revives. Don't know about you guys but we love to see patterns like this reoccurring on the market. It gives a sense of control over something we ultimately can't. Bagged 300 pips on the gold trade last week.
What's going to happen now?
Well, most likely we're going to touch that support line again at 1795-1797 levels and shoot for another round. However, you may notice that it's been testing it more frequently recently. That might be a sign of a potential downside breakout (unlikely as of right now).
What's going to happen now?
Well, most likely we're going to touch that support line again at 1795-1797 levels and shoot for another round. However, you may notice that it's been testing it more frequently recently. That might be a sign of a potential downside breakout (unlikely as of right now).
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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.
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.