darkswan

Major convergence - yearly rising and monthly falling trendlines

Short
darkswan Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Yearly rising trendline (Red) from August 2018 converging with monthly falling top trendline (green).
Bounced off of red yearly and now riding green monthly. I expect this to provide resistance heading back toward 1450s.
Comment:
We've followed along the green resistance line for several days toward 1450s as expected.
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.