Yes the Gold title is true of a flashing a double doji which is bullish in itself. But there is many other factors we sholud consider before going in head long, on one of your favorite Gold stocks are making a nice futures call > First as traders we need to look at Gold through the eyes many indicators MACD; RSI; STOCHASTICS; BOLLINGER BANDS ; MA; Volume; Chart Patterns; Trend Analysis there are a plethora of other things & study disciplines to observe & learn !
I'll start today's post market rap with assessing My Gold chart the Volume is anemic & negligible to say the least on the buyers sid eof the trade. The MA Cross over makes this hourly chart very bearish . The Big Red trendline is slopping downward makes my Gold chart bearish indeed ! We also need to hawk eye on The dxy needs to finish above 93.50 near term future to solidify a strong bearish downtrend ! :-)
I'll start today's post market rap with assessing My Gold chart the Volume is anemic & negligible to say the least on the buyers sid eof the trade. The MA Cross over makes this hourly chart very bearish . The Big Red trendline is slopping downward makes my Gold chart bearish indeed ! We also need to hawk eye on The dxy needs to finish above 93.50 near term future to solidify a strong bearish downtrend ! :-)
Note
We need to watch to see if Gold can breach below $21.61 and quite frankly Golds needs to break this price point because it has formed a beautiful Double Bottom which is very bearish for my short portfolio ? :-(Note
looks like Dxy is losing steps with Gold again!
Note
Yes the MA played a bad trick on the bull's today looking like it crossed over but just mated for a three hour time span then reverting right back to it's previous course Bearish when it gave a bullish signal!
Note
If gold can break that Gold trendline $1800's is very plausible today ?
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.
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.