Hello traders
As you can see in the chart, gold is on 2 channels, one big bullish one weekly and one descending in daily.
I Believe general gold is bullish, and it got supported on a very key level with Fibonacci 0.618 level and channel , Ichimoko Tengensen, and bottom of the main big channel.
There is also a hidden bullish divergence in weekly and in daily on RSI.
This is just a theory and counter trading, so be careful.
------------------------------------------------------------------------
What is your opinion? Comment below.
If you like the idea, please hit the like button and follow me so that you won't miss the updates. The information given is never financial advice. Always do your research too.
Goodluck.
As you can see in the chart, gold is on 2 channels, one big bullish one weekly and one descending in daily.
I Believe general gold is bullish, and it got supported on a very key level with Fibonacci 0.618 level and channel , Ichimoko Tengensen, and bottom of the main big channel.
There is also a hidden bullish divergence in weekly and in daily on RSI.
This is just a theory and counter trading, so be careful.
------------------------------------------------------------------------
What is your opinion? Comment below.
If you like the idea, please hit the like button and follow me so that you won't miss the updates. The information given is never financial advice. Always do your research too.
Goodluck.
