spectertrading

[GOLD - XAUUSD] +10% Reversal Weekly Analysis w/ Spectro™ M

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
This is a signal using Spectro™ M

I'm really big into gold since the best way to cash out BTC is buying gold, so this is an asset that I follow closer than my wife.

This is a medium reversal signal since we have a few indicators in Spectro pointing towards the reversal.

The blue background is the trend analyzer telling you that we are entering a reversal zone. As you can see from past data, shortly after this blue zone is over something big happens.

The Specter Clouds™ predicts not only the oversold area but also predicts the sell target, it tells you how far off an organic move we are, so if you measure from where we are now to the top of the green cloud that's our 3.5% target.
As you can see from past trades the clouds can be very precise prediction future price.

The green triangles mean that Spectro X Confirmation Algo checked 10 other indicators(like STOCH, RSI, MFI, etc, etc) and they all agree in a possible reversal.

We have a few signals that come before the confirmation.

We didn't have any Spectro™ M confirmations yet, but still, this is an asset that you might want to watch closely.

Liked it? Give it a shot at, it's really affordable - you wouldn't believe if I told you: hypester.org/spectro-indicator/

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.