It has been two weeks since the rise of TVC:GOLD . On 8/1/2020 morning at 10.30 am, Donald Trump clarified that he not going strike back Iran where this is the peaceful signal. The conference speech given by him outperformed the market expectation and soon after he said that, TVC:GOLD dropped from 0% of the day to -1%. It recovered slightly after filling the gap of a few days ago. However, the previous day 8/1/2020 candle closed in red hammer sign and it indicating a high chance of the end of wild rise for the past few weeks.
So, what we looking at right now is the start of retracement. My expectation of the retracement should hit 3rd TP or the bottom of the uptrend line I drew in the chart.
So, what we looking at right now is the start of retracement. My expectation of the retracement should hit 3rd TP or the bottom of the uptrend line I drew in the chart.