GOLD: TRIANGLE PATTERN PART 1
Gold oh Gold.
If we see the historical, same movement from 2011.
I use fibonacci for support and resistance daily. I expect next week will become the long long range price. price will stuck on there.
Reason
- Price still above the strong trend line.
- Price below fib 0.382 as our resistance still retest the price.
- Triangle pattern on the wedge
- I know inflation on US, but before strong grow up, I expect Price will fall to fibonacci 0,6, in other side Bitcoin grow up.
Watch the lower time frame for confirmation like double bottom, wyckoff, flag, etc. Don't trust what you see always safe trade. It will seems bullish but for me it still correction on HTF.
If we see the historical, same movement from 2011.
I use fibonacci for support and resistance daily. I expect next week will become the long long range price. price will stuck on there.
Reason
- Price still above the strong trend line.
- Price below fib 0.382 as our resistance still retest the price.
- Triangle pattern on the wedge
- I know inflation on US, but before strong grow up, I expect Price will fall to fibonacci 0,6, in other side Bitcoin grow up.
Watch the lower time frame for confirmation like double bottom, wyckoff, flag, etc. Don't trust what you see always safe trade. It will seems bullish but for me it still correction on HTF.
Trade active
When i open my eyes, i dont believe my account.. sell from 1828thx lord
My TP DONE
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.