For the last 3 months (beginning of September) US30 has completed 3 gold zone Fibonacci setups, while making new highs shortly after.
It is now at the 4th gold zone (.618-.5 give or take) and may be looking to reject anywhere in this realm and buy for ATH or possibly a new ATH. This would be the 4th consecutive gold zone fib setup in 3 months.
With CPI matching the exact forecast and the Feds rate cuts more than likely awaiting to happen, this looks like a perfect time to buy here at this zone.
A first TP would be ATH around 45,085
A second TP could possibly be a NEW ATH several hundred points above the previous (targets never seen before May be hard to pinpoint with an exact TP price)
Nonetheless this looks like a solid trade idea.
Thoughts?
It is now at the 4th gold zone (.618-.5 give or take) and may be looking to reject anywhere in this realm and buy for ATH or possibly a new ATH. This would be the 4th consecutive gold zone fib setup in 3 months.
With CPI matching the exact forecast and the Feds rate cuts more than likely awaiting to happen, this looks like a perfect time to buy here at this zone.
A first TP would be ATH around 45,085
A second TP could possibly be a NEW ATH several hundred points above the previous (targets never seen before May be hard to pinpoint with an exact TP price)
Nonetheless this looks like a solid trade idea.
Thoughts?
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.