Goodmorning, waking up to see gold is testing a breakout!
Here are the points to watch:
- Closing green today would confirm a lot, as the stochastic will break the overhead structure
- Historical volatility on the daily is very low
- Rsi has been flagging and is currently testing a breakout
- Silver is also breaking about of the broadening wedge i talked about yesterday.
So all of these factors combined should be a good list to watch for the daily close!
the blue box area is my chart term target as from there i dont have an opinion on where prices will go.
But breaking this "range" on the RSI is a big deal for me, thats why i think the blue box target is only short term.
Here are the points to watch:
- Closing green today would confirm a lot, as the stochastic will break the overhead structure
- Historical volatility on the daily is very low
- Rsi has been flagging and is currently testing a breakout
- Silver is also breaking about of the broadening wedge i talked about yesterday.
So all of these factors combined should be a good list to watch for the daily close!
the blue box area is my chart term target as from there i dont have an opinion on where prices will go.
But breaking this "range" on the RSI is a big deal for me, thats why i think the blue box target is only short term.
Comment:
Short term target is hit, now close a good green daily candle and i will expect continuation from here.
Trade closed: stop reached:
Hi my got trade got autoclosed, i do expect continuation but a small pullback is definitely possible. I have interest opening a long position around the short term target i had.