Possible FLAG Pattern on Monthly w/ additional Harmonic - LONG
Possible FLAG Pattern on the Monthly with additional Harmonic
It seems we have a confirmed breakout of structure on the Monthly as well as a FLAG pattern that seems to have been formed.
Additionally, it seems there could be a pullback during the next couple of months, if a Bearish Cypher Harmonic Pattern is to be confirmed.
Two directions are possible in this chart, marked with RED and WHITE arrows, however both are ultimately BULLISH.
TDI Shows upwards move with the RSI line providing above midline, bouncing off the midband on a narrow band channel.
Ketchup EMA is now about to cross the Water EMA which is also an entry signal.
All in all, Gold is set to increase in value, in my opinion, similarly to the increase we are experiencing in the cryptocurrency area, as the US Dollar is being purposely devalued (in order to help the US Manufacturing Industry, amongst other factors)...
See here for more details: www.worldstopexports...-us-export-products/
As the value of the US Dollar reduces, the value of Metals increases.
I have now entered a LONG on this position and will set this trade to long-term for maximum profit.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP! :::::.....
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It seems we have a confirmed breakout of structure on the Monthly as well as a FLAG pattern that seems to have been formed.
Additionally, it seems there could be a pullback during the next couple of months, if a Bearish Cypher Harmonic Pattern is to be confirmed.
Two directions are possible in this chart, marked with RED and WHITE arrows, however both are ultimately BULLISH.
TDI Shows upwards move with the RSI line providing above midline, bouncing off the midband on a narrow band channel.
Ketchup EMA is now about to cross the Water EMA which is also an entry signal.
All in all, Gold is set to increase in value, in my opinion, similarly to the increase we are experiencing in the cryptocurrency area, as the US Dollar is being purposely devalued (in order to help the US Manufacturing Industry, amongst other factors)...
See here for more details: www.worldstopexports...-us-export-products/
As the value of the US Dollar reduces, the value of Metals increases.
I have now entered a LONG on this position and will set this trade to long-term for maximum profit.
----------------------------------------------------------------------------------------------------------------------------------------------------------
DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP! :::::.....
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