goldenBear88
Long

No changes so far / Bullish Gold

TVC:GOLD   CFDs on Gold (US$ / OZ)
With minor setback on EU opening, Gold has continued trading on Hourly 4 Channel Up formation as today's #1,580.80 is a Higher Low and yesterday's #1,474.80 a Lower High. This is a natural volatile response prior to such an important macro Fundamental events. DX is well supported above #98.70, Stocks are starting to lose value (what I have been waiting for) and now Gold is on a clear Uptrend and trading within my predicted values. For Gold to obtain Bullish confirmation, #1,582.70 needs to be broken. I am expecting new #1,595.80 Test before Gold can turn downwards and expect more serious Bear movements. Weekly candlestick patterns show anemic activity, which is difficult to determine an intra-day trend. Use this opportunity to Buy Gold . Trending traders may follow yesterday's analysis and Buy on safe indications (Weak Stocks and Bullish Gold ) but as said, I think we are on the new Bullish wave to upper levels.


Feel free to join my Telegram channel: https://t.me/GoldTradingNamik

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out