As our last gold analysis was canceled but price moved accordingly and is still within great R:R, we have decided to re-engage this metal
-
Price has set itself a beautiful expanding channel pattern with an accompanying ABCDE corrective sequence. As price currently sets on (E), we should see price slump down further
-
The bear scenario is currently accepted and the bias is confirmed
-
Price is set to head for the 1197 area, while anything over the 1230.5 level is considered invalid
-
Price has set itself a beautiful expanding channel pattern with an accompanying ABCDE corrective sequence. As price currently sets on (E), we should see price slump down further
-
The bear scenario is currently accepted and the bias is confirmed
-
Price is set to head for the 1197 area, while anything over the 1230.5 level is considered invalid
Trade active
Note
Seek to move any stops to break-evenTrade closed: stop reached
Closed at break-even, Fed rate hikes expected to pause.
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.