GOLD | The trend is your friend - Potencial BIG move incoming!📈
Hey guys,
Gold has been on a short-term downmove for a long time already and has barely recovered from the losses from it, unlike the stock market and the crypto market (already at early highs).
We need to look at the big picture which is trading upwards on a channel that is holding up quite nicely along with break of structure to the upside of the descending triangle.
There is also a lot of support in this 1900ish and sub 1900 area that is showing bounces each time we reach those levels.
What are your thoughts? I'm bullish.
Keep your risk managed,
Mariano
@cryptofunded.
Gold has been on a short-term downmove for a long time already and has barely recovered from the losses from it, unlike the stock market and the crypto market (already at early highs).
We need to look at the big picture which is trading upwards on a channel that is holding up quite nicely along with break of structure to the upside of the descending triangle.
There is also a lot of support in this 1900ish and sub 1900 area that is showing bounces each time we reach those levels.
What are your thoughts? I'm bullish.
Keep your risk managed,
Mariano
@cryptofunded.