Hallo Tradingviewers, future scenarios on Gold without solid fundamentals cannot be predicted therefore I reccomend to search for opinions from people that has experience in this commodity especially for the timing. I Personally I think it should be a bulls market pushing on 1350 but the triple top just formed may open the door to a formation of a hypotetical D to follow the sequence X-B-D. If you sobstitute B with X, 1 with A, the triple bottom with B and 3 with C a last point D of an harmonic pattern looks likely (please refer to snapshot n.1 below). However, after forming the triple top please note that price is still holding above 1300. If a morning star is formed with the next candle to complete the pattern, it may impulse the bulls to attempt a run for highs higher than 1350 (please refer to snapshot n.2 below).
Please note that I am not a professional trader and these are my personal ideas only.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Thank you for following and for sharing your ideas.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Please note that I am not a professional trader and these are my personal ideas only.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Thank you for following and for sharing your ideas.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Comment:
Snapshot n.1
Comment:
Snapshot n.2
