GOLD Made a Breakout From The Triangle
Hey!
This should be considered as a warning and If You want to trade this then with low risk because the breakout is a counter trade.
Please, don't forget to hit the "LIKE" button!
Thank You for your support, I really appreciate it!
CHEERS!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
This should be considered as a warning and If You want to trade this then with low risk because the breakout is a counter trade.
Please, don't forget to hit the "LIKE" button!
Thank You for your support, I really appreciate it!
CHEERS!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Comment:
We are in the target 2. area!
A bit longer view point:
From 2011 the gold price started the downtrend and the break downwards from the counter trendline on the last year 2018 and it will be a sign that we may go down even more because this could be a textbook example, break the counter trendline (green line) and currently we retest it which is a perfect sell opportunity but also we have made since 2015 higher lows which will be a slight bullish sign but definitely, we have important times ahead because we have some mixed signs on the chart.
I can expect only mid-term and this could be bearish and actually, this crossing area between the TWO MAJOR trendlines make this area superstrong so, it looks like a perfect sell setup!! Long-term, as said, a bit mixed!
A bit longer view point:
From 2011 the gold price started the downtrend and the break downwards from the counter trendline on the last year 2018 and it will be a sign that we may go down even more because this could be a textbook example, break the counter trendline (green line) and currently we retest it which is a perfect sell opportunity but also we have made since 2015 higher lows which will be a slight bullish sign but definitely, we have important times ahead because we have some mixed signs on the chart.
I can expect only mid-term and this could be bearish and actually, this crossing area between the TWO MAJOR trendlines make this area superstrong so, it looks like a perfect sell setup!! Long-term, as said, a bit mixed!
Target 1 already done and heading into the second target!