Get started
mortdiggiddy

Strength in gold

Long
Gold/EUR (OANDA:XAUEUR)  
mortdiggiddy Updated   
OANDA:XAUEUR   Gold/EUR
Pivot Points Harmonic Patterns Technical Indicators Gold Silver Metals
9
3
pivotpoints harmonicpatterns indicator gold silver metals
Yen, Bonds, Metals all getting along today for once. Camarilla range fully explored. $GLD $SLV $GDX $GDXJ
Comment:
Whenever you see a range explored between the CAM S3 and R3 pivots on ANY time frame, the general move after is a mean reversion to the previous period's close, which in this case is the 2017 close.
Comment:
The circled pivots above are Camarilla Year S3 and R3. XAUEUR completely pinned (for now) between them.
Comment:
Major give back in the last 48 hours.
Comment:
The entire price history after topping out near Year CAM R3 looks like a pretty good bearish impulse wave.
snapshot
Find the edge.

Website: www.daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: www.youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: www.paypal.me/mortdiggiddy

Related Ideas

mortdiggiddy
Long Gold off Historical Support
mortdiggiddy
Potential for 30-40 point move
mortdiggiddy
Quietly building longs
mortdiggiddy
The Power of Camarilla Pivots
mortdiggiddy
Full Camarilla Retracement
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.