TradingView
TayFx
13 wrz 2020 21:30

"StOnKs OnLy gO UP"... Well so then does Gold. Long

GOLD (US$/OZ)TVC

Opis

A very nice technical setup here with 1900 acting as clear solid support (floor) rejected multiple times as shown. This actually counts as two patterns, the way you want to look at it or give it a name. What isn't arguable is that 1900 has rejected support and is firm. The lower highs on the daily time frame suggest that price momentum is now squeeze. Looking at the Bollinger band and the kilter channels, we can see something big will happen. I am bullish on gold , holding my long from last year with multiple positions added. I will look for a break of the bull flag / pennant . Plenty of upside for gold still left pre-election.

Komentarz

Komentarze
Thinus5422
The gold price is more stable( not so volatile now) and calm(consolidating ie calm before storm).Strong momentum is coming.
TayFx
@Thinus5422, Hmm.. well put it this way, can gold go down? And why?
ierd
Seems to be testing the support. Any further update Sir?
TayFx
@ie_crimean, blue dotted line was price to break to enter. It was rejected so waiting for a better entry at the lower bounds
scholla2020
About to crash. Be cautious.
TayFx
@scholla2020, Whats your downside target? Do you have a chart or just rubbing the magic ball? Flipping coins work too =))
scholla2020
@TayFx, 1794. Same Chart we all rubbing on. It could flip, simply be cautious.
TayFx
@scholla2020, Ah I see, thanks friend feel free to post charts though I love all views!!
weczod2200
Nice chart.
TayFx
@weczod2200, thanks alot!! are you in this position?
Więcej