Gold is reacting exceptionally well to the Fork.
It has not opened and closed below the L-MLH within a single bar, which eliminates any immediate downside expectations.
Instead, we observe a condensed, slanted trading range or coil, indicating that price is being gradually pressed to the upside.
In my previous post about Gold, I anticipated a rocket-like breakout. Since then, price has simply moved down to the L-MLH, finding support there. This price action, coupled with the ongoing upward pressure, confirms my analysis—albeit slightly delayed.
As NQ and S&P approach their respective targets, as outlined in my other analysis, I expect Gold to start moving upward, with targets at the CL and U-MLH.
It has not opened and closed below the L-MLH within a single bar, which eliminates any immediate downside expectations.
Instead, we observe a condensed, slanted trading range or coil, indicating that price is being gradually pressed to the upside.
In my previous post about Gold, I anticipated a rocket-like breakout. Since then, price has simply moved down to the L-MLH, finding support there. This price action, coupled with the ongoing upward pressure, confirms my analysis—albeit slightly delayed.
As NQ and S&P approach their respective targets, as outlined in my other analysis, I expect Gold to start moving upward, with targets at the CL and U-MLH.
Uwaga
Hanging at the 1/4 we look for further gains to the upside.Target is still the Center-Line.
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- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
youtube.com/@TradersTradingEdge
- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
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Get Your New Chart Analysis Video On YouTube!
youtube.com/@TradersTradingEdge
- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
youtube.com/@TradersTradingEdge
- Lean on facts, not on hope.
- Trade with an 80% edge.
- Follow the rules and the rest will come.
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.