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Beglu
Sep 21, 2022 8:56 AM

GS1 - GOLD COMEX Reversal Scenerio Long

Gold FuturesCOMEX

Description

Hey y’all, i charted a possible bullish play that could potentially lead to some upside regarding GS1! Here we potentially have a alternate XABCD that’s below the typical pattern completion zone of the 786 and 886 fib retrace ratios. We are showing Class A Bullish Divergence on both oscillators IEW the RSI and MACD showing seller exhaustion and negative momentum winding down. We may see price action start to make a push upwards and go green in the next coming weeks… just my opinion on a possible outcome..
Comments
Tradersweekly
Thanks for your opinion. Good luck to you!
Beglu
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