franciskim
Long

3D Gold - Bullish Idea

FX:XAUUSD   Gold / U.S. Dollar
586 2 10
3D charting is Zar             Negar's idea which I found very interesting: https://www.tradingview.com/u/ZarNegar/

▄︻̷̿┻̿═━一 Mark my words... GOLD             WILL FLY NEXT WEEK!

My cubes are not perfect but I have tried to put in stop loss (support) as well - I would probably place my stop loss at the bottom of the cube.
I do think gold             will try break 1313             next week - a very important level in my opinion.

▄︻̷̿┻̿═━一 Fundamentals
Gold             next week will be supported by on-going geo-political crisis in Israel/Gaza, India/Pakistan, Russia/Ukraine and Iraq.
✈ It will also have an added boost of bullishness from the US dollar             coming down off a 6 month high.
Crude oil             is trying to make a move up as well, good news for gold             .

▄︻̷̿┻̿═━一 Technicals
✈ It is oversold and have bounced off a long term support line and it is likely to retrace upwards very quickly.
✈ A break above 61.8% Fib at 1282.47 targets the 50% expansion at 1290             .15.
✈ The important 1313             - if it is broken, I will say it's a magnet to the 1330 zone.

▄︻̷̿┻̿═━一 $GLD during the week after Jackson Hole Economic Symposium

Winners : 8
Losers : 1
% Winners : 89%
Average Change % : 1.52
Median Change % : 0.78
Maximum Gain % : 4.31
Maximum Loss % : -0.21
Average Gain %if Winner : 1.74
Average Loss % if Loser : -0.21
Payoff Ratio 8.28
Average Absolute Change% : 1.51
Profit Factor : 55.61
Outlier Adjusted Profit Factor : 35.00

Currently my analysis on the 1 hour chart and the 4 hour chart combined shows a 81.25% bullishness factor. I'm a firm believer that 1400+ is possible before the year's end.

Check my other idea linked below on why I think gold             has (long term) bottomed and will move up.

Happy trading! (╯°□°)╯︵ ┻━┻
Francis Kim Digital Development: https://franciskim.co | Mobile, Desktop & Web App Development | eCommerce Development (Magento, Shopify, WooCommerce)
Excellent Excellent
Well done to you

Only. I do not agree with your analysis. Because I believe that gold will fall.
Thanks again
Reply
Around the 1273-1275 was the long term support line - and it did a small bounce off there. For next week, US dollar will go down so there is a higher chance it will at least go to 1300 in my opinion.
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