Hi everyone 👋🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 XAUUSD- Daily Time-Frame - Candlestick
📌 Fractal - Price Action - Double Bottom
📍GOLD may create a double bottom in daily time frame but it is not still confirmed; but with double bottom being confirmed I can see the 1830 price zone being touched
📍If GOLD manages to hit 1830$ zone we will see another retest of its previous descending trendline. Further growth depends so much on many other factors such as inflation, crypto currency, new pandemic lock down ,etc.
📍If inflation continue to grow as fast as now investments in GOLD , Crypto ,etc may increase at such a pace.
✍🏼 If price fails to break the descending trendline as 2 times before another crash is expected and I personally see this crash happening in Cryptocurrency which can be a bad news for Cryptocurrency
✍🏼 From both point of views a triangle is clear to see in daily time frame and triangles usually follow the previous trend which is bullish
THIS IS NOT A FINANCIAL ADVICE
PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION
GOOD LUCK
NP TRADER
🕊 Wish y'all have a profitable lifestyle 🍀
📌 XAUUSD- Daily Time-Frame - Candlestick
📌 Fractal - Price Action - Double Bottom
📍GOLD may create a double bottom in daily time frame but it is not still confirmed; but with double bottom being confirmed I can see the 1830 price zone being touched
📍If GOLD manages to hit 1830$ zone we will see another retest of its previous descending trendline. Further growth depends so much on many other factors such as inflation, crypto currency, new pandemic lock down ,etc.
📍If inflation continue to grow as fast as now investments in GOLD , Crypto ,etc may increase at such a pace.
✍🏼 If price fails to break the descending trendline as 2 times before another crash is expected and I personally see this crash happening in Cryptocurrency which can be a bad news for Cryptocurrency
✍🏼 From both point of views a triangle is clear to see in daily time frame and triangles usually follow the previous trend which is bullish
THIS IS NOT A FINANCIAL ADVICE
PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION
GOOD LUCK
NP TRADER
Comment:
We are actually in the retest zone, since the price breaks and stays above the line we can confirm that a bullish cycle may be creating
