BUYING SOME GOLD
Updated
after price broke the major resistance we can expect an higher trend
the reason is because of the ISM rate that was negative pushed the prise much further and because of the unemployement rate when can expect big moves(on the smaller timeframe)
notice the clear ascending triangle and the risk&reward is solid those are they main reason why I am long
A
Even if divergence shows oversold conditions Market moves up for days even more ! later on this is why it is good to enter right now
the reason is because of the ISM rate that was negative pushed the prise much further and because of the unemployement rate when can expect big moves(on the smaller timeframe)
notice the clear ascending triangle and the risk&reward is solid those are they main reason why I am long
A
Even if divergence shows oversold conditions Market moves up for days even more ! later on this is why it is good to enter right now
Note
I got in small and when price goes down and bounces I am going to add positionsNote
So I don't miss out and not risk to much
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.