Gold - XAUUSD - possible end of the multi year Bear market
XAUUSD - Gold :
Might be at the edge of the multi-year bear trend.
Formation looks really bullish on the weekly + Daily chart.
Watch the "Important area" mark, if it breaks with strength we should get a nice run.
Also watching the RSI on the Daily chart for more conformation of a fueled bull run / scalp short trigger.
It also confluences with the global recession fears and the slowdown in China. It would also fit the bigger picture of a USDOLLAR which had a very dramatic and rapid break down the last couple days.
This is kinda a longer term outlook to work with and to keep in mind. But if the stock markets completely break apart in a dramatic dump Gold should be the next safe-heaven for a longer bull-run.
Might be at the edge of the multi-year bear trend.
Formation looks really bullish on the weekly + Daily chart.
Watch the "Important area" mark, if it breaks with strength we should get a nice run.
Also watching the RSI on the Daily chart for more conformation of a fueled bull run / scalp short trigger.
It also confluences with the global recession fears and the slowdown in China. It would also fit the bigger picture of a USDOLLAR which had a very dramatic and rapid break down the last couple days.
This is kinda a longer term outlook to work with and to keep in mind. But if the stock markets completely break apart in a dramatic dump Gold should be the next safe-heaven for a longer bull-run.
Nota
Momentum picking up still and it just spiked through the "important area" and wen into the bullish break out zone.If you caught a long keep from lower, this could be a really good long term trade if you are not on high leverage.
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.