This monthly chart shows that Gold is breaking every potential support since it started the decline from Mar. 2022. Let's see where next support/target could be:
1. a close above the orange Centerline is an indication for long
2. a close below the orange Centerline is bearish. Next support would be at the yellow dashed Warning-Line.
3. If 2. fails, the most potential lowest point would be the red Centerline and/or even the Orange L-MLH.
So there we have it.
Short plays? Why not, on daily pullbacks? Selling Call Spreads with decent Risk management could play out pretty good the next months.
Let's see and observe.
1. a close above the orange Centerline is an indication for long
2. a close below the orange Centerline is bearish. Next support would be at the yellow dashed Warning-Line.
3. If 2. fails, the most potential lowest point would be the red Centerline and/or even the Orange L-MLH.
So there we have it.
Short plays? Why not, on daily pullbacks? Selling Call Spreads with decent Risk management could play out pretty good the next months.
Let's see and observe.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
🔱 WHY FOLLOW & BOOST ME? 🔱
👉 Your greatest BENEFIT: learn to make money
👉 My GIFT to you: earn while learning
👉 Your best INSIGHT: wins & losses go hand in hand
✅ Follow & boost me, share my channels & try to teach me something new too 🙏
👉 Your greatest BENEFIT: learn to make money
👉 My GIFT to you: earn while learning
👉 Your best INSIGHT: wins & losses go hand in hand
✅ Follow & boost me, share my channels & try to teach me something new too 🙏
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.