Gold Analysis 2021-05-07
The Algotrading Multiday system is: long from April 9, 2021 from $ 1743.3
position performance: 4.39%
YTD performance: 2.67%
1 year performance: 10.54%
At the end of the day: maintain position
Graphic Analysis
Yesterday the prices managed to overcome the sideways phase. We are currently in the area of 1816 - 1820, where we have the resistance.
The ADX (strength of the trend) is growing: we are around 30; at this point the next target is the upper band of the medium / long term bearish channel.
Supports:
$ 1816
$ 1800
$ 1790
Resistance:
$ 1840
bearish channel upper band (red line)
I recommend observing, discussing etc etc, but as always for the operation always use your head !!
position performance: 4.39%
YTD performance: 2.67%
1 year performance: 10.54%
At the end of the day: maintain position
Graphic Analysis
Yesterday the prices managed to overcome the sideways phase. We are currently in the area of 1816 - 1820, where we have the resistance.
The ADX (strength of the trend) is growing: we are around 30; at this point the next target is the upper band of the medium / long term bearish channel.
Supports:
$ 1816
$ 1800
$ 1790
Resistance:
$ 1840
bearish channel upper band (red line)
I recommend observing, discussing etc etc, but as always for the operation always use your head !!
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