Here is an easy ta for GOLD long:
Barrick Gold is consoladtion mode after strong rally. Now, bulls are trying to break through 28 $ ATH resistance.
On the right side you can see GOLD Future, that breaked through 18 $ resistance with high volume.
Both compared could be play on Gold long.:
S3 is showing bullish rally, S2 and S1 are forming trendlines for secondary up-trend.
Furthermore, you can see two important support zones: 23 $ and 26 $ which support secondary up-trend.
Indicators:
BB: Trend is moving above upper band which is normal trying to break resistance, bullish signal (Or overbought)
50 SMA: Trend is moving abvoe, bullish signal
20 SMA: Trend is moving above, bullish signal
200 SMA: Trend is wide moving above, bullish signal
RSI: Crossing under 80, bullish signal
MACD: Crossing, tendency up, bullish signal
1. Wait for breaking resistance and buy in around 29 $, SL set on support zones
2.Option play: Bull put, Strikes around support zones. short time
Good luck for your trading :)
Barrick Gold is consoladtion mode after strong rally. Now, bulls are trying to break through 28 $ ATH resistance.
On the right side you can see GOLD Future, that breaked through 18 $ resistance with high volume.
Both compared could be play on Gold long.:
S3 is showing bullish rally, S2 and S1 are forming trendlines for secondary up-trend.
Furthermore, you can see two important support zones: 23 $ and 26 $ which support secondary up-trend.
Indicators:
BB: Trend is moving above upper band which is normal trying to break resistance, bullish signal (Or overbought)
50 SMA: Trend is moving abvoe, bullish signal
20 SMA: Trend is moving above, bullish signal
200 SMA: Trend is wide moving above, bullish signal
RSI: Crossing under 80, bullish signal
MACD: Crossing, tendency up, bullish signal
1. Wait for breaking resistance and buy in around 29 $, SL set on support zones
2.Option play: Bull put, Strikes around support zones. short time
Good luck for your trading :)