Gold is looking ready to make a move towards breaking from its multi-year correction.
We have the 50,100 sma crossing bullish - something which hasnt been seen since $225 and the start of the previous bull run.
We also have a bull flg forming on the shorterterm, which if it breaks to the upside, the target of c.$1400 would represent a break attempt of the Head and shoulders bottom. from which we would likely see a retest of the $1350 range.
Assuming bullish momentum continues we would see a (relative) fast break to $1750 where we would find out if we will double top or look towards a much much larger breakout towards $5k, but this is too far into the future to consider trading for me today.
Best
filbfilb
We have the 50,100 sma crossing bullish - something which hasnt been seen since $225 and the start of the previous bull run.
We also have a bull flg forming on the shorterterm, which if it breaks to the upside, the target of c.$1400 would represent a break attempt of the Head and shoulders bottom. from which we would likely see a retest of the $1350 range.
Assuming bullish momentum continues we would see a (relative) fast break to $1750 where we would find out if we will double top or look towards a much much larger breakout towards $5k, but this is too far into the future to consider trading for me today.
Best
filbfilb
Nota
Profits taken on this s/t trade. looking like rising wedge could breakdown and retest the break out before the push to 1400+
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.
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.