After the huge selloff in the gold market there are several signs of a possible reversal of Newmont.
So let´s sum up the body of evidence:
1. The price is right at a significant support level
2. It has formed a hammer reversal pattern at the support level
3. We have a positive divergence with the RSI and MACD
4. At the support level we saw a spike in the volume although the price was not selling off anymore. This is a sign of a allocation
5. A Entry when the RSI reading was below 35 in the daily chart was in the recent past a profitable strategy
So let´s sum up the body of evidence:
1. The price is right at a significant support level
2. It has formed a hammer reversal pattern at the support level
3. We have a positive divergence with the RSI and MACD
4. At the support level we saw a spike in the volume although the price was not selling off anymore. This is a sign of a allocation
5. A Entry when the RSI reading was below 35 in the daily chart was in the recent past a profitable strategy
Dagangan ditutup: hentian tercapai
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.