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/GC Gold chart

Long
1/GC1!  
1/GC1!  
Alternative view on GOLD ... for those who are bullish on gold and see gold going to higher levels.. you should have no trouble SHORTING this chart... IF you are bearish on gold and you see prices dropping you should LONG this chart.

INVERTED GOLD DAILY CHART
with 9d/20d/50d/200d SMAs

1/ GC1!

to help remove bias .. one way is to invert your chart.

LONG this CHART = Short GOLD
Trade active:
Volume patterns confirming.. inv pattern.." pullback" on lower volume.. and now a breakout on higher Volume makes this chart even more bullish = more down prices coming in gold.. break red neckline 1795ish opens the door to 1700 to 1500.
Trade active:
Enter's thin zone look for -$20 to -$50 down days.. targets marked .. as neckline of 11 month H&S breaks
Trade active:
Nears key support 1685/75 and 22 month uptrend from the May 2019 lows
May bounce here back up to neckline, not sure .. breaks green then next level down 1585/50
Trade active: H&S retest... and 50w SMA retest and downtrend from the ATH.... prefect place to reload shorts on stall...

Comments

Really good Analysis
+1 Reply
thank you for sharing
Reply
wow this is so clear
Reply
You just saved me holding onto 1864 for any longer, thank you
Reply
thank you for idea
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