My reasons to be extremely bullish on GOLD
The algorithm has been sending multiple signals on GOLD .
First of all we have received an alert of trendline break , which as you can see worked nice.
On the other hand, the price broke the blue support but it was a bear trap, meaning this is more bullish than expected.
Finally, under the blue line a doble bottom has emerged which gives us a target price in the top green line.
Buying over the blue line is a great risk/reward opportunity if you look for a fast profit in the green line or you are a long term investor willing to protect yourself from inflation .
This kind of combinations of patterns are really hard to see but extremely powerful.
First of all we have received an alert of trendline break , which as you can see worked nice.
On the other hand, the price broke the blue support but it was a bear trap, meaning this is more bullish than expected.
Finally, under the blue line a doble bottom has emerged which gives us a target price in the top green line.
Buying over the blue line is a great risk/reward opportunity if you look for a fast profit in the green line or you are a long term investor willing to protect yourself from inflation .
This kind of combinations of patterns are really hard to see but extremely powerful.
Comment:
Take profits done
Trade closed: target reached