Hello,
A buy setup is setting up on Gold on the four-hour timeframe and now is a great time to begin looking for the buys. Gold has declined by around 10% due to profit taking by early investors and also the macro-economic events. The US and China have called for a truce in their trade war and conversations about ending the Russia Ukraine are ongoing in Turkey this week.
The bullish flag is forming on this asset and at great buy points from the current levels. There is also a bullish crossover on the MACD indicator confirming that we might be closer to the bottom. While there may be a little pressure on Gold as clueless investors rush to liquidate their positions, we see this as the perfect opportunity to enter.
Target: $3600
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
A buy setup is setting up on Gold on the four-hour timeframe and now is a great time to begin looking for the buys. Gold has declined by around 10% due to profit taking by early investors and also the macro-economic events. The US and China have called for a truce in their trade war and conversations about ending the Russia Ukraine are ongoing in Turkey this week.
The bullish flag is forming on this asset and at great buy points from the current levels. There is also a bullish crossover on the MACD indicator confirming that we might be closer to the bottom. While there may be a little pressure on Gold as clueless investors rush to liquidate their positions, we see this as the perfect opportunity to enter.
Target: $3600
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Free stock markets analysis Telegram channel:
t.me/stocksfromtechnicaleye
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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.
Free stock markets analysis Telegram channel:
t.me/stocksfromtechnicaleye
Paid trading group
patreon.com/thesharkke
Reliable broker
go.tradenation.com/visit/?bta=37130&brand=tradenation
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.