GOLD - Simple Trend Line Analysis (Part II)
This monthly gold chart demonstrates the beauty of using simple trend line for accurate technical analysis in long term chart, as the old sayings go "Simple is the best, Less is more."
Gold looks like it has had a nice breakout of the bullish flag formation (the descedning broadening wedge) in Feb 2022, doesn't it ? Monthly MACD indicates that a cross-over can happen soon.
March's monthly close shall confirm the breakout move if it turns out to be a green candle later. Otherwise, it could be a fake breakout.
What do you think about gold's next move based on this chart ?
Gold looks like it has had a nice breakout of the bullish flag formation (the descedning broadening wedge) in Feb 2022, doesn't it ? Monthly MACD indicates that a cross-over can happen soon.
March's monthly close shall confirm the breakout move if it turns out to be a green candle later. Otherwise, it could be a fake breakout.
What do you think about gold's next move based on this chart ?
Penerbitan berkaitan
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.