Get started
Brandon_Leu

Expecting Breakout of Accumulation

Long
Gold Futures (COMEX:GC1!)  
Brandon_Leu  
COMEX:GC1!   Gold Futures
Trend Analysis Supply and Demand
3
0
trendanalysis supplyanddemand
Gold is seeing supply diminishing as price broke out of the downtrend stride (line) an registering higher lows within its consolidation zone.

In addition, with both technical indicator MACD and FFI turning positive, we expect gold to breaks out of the accumulation zone.
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.