Perfect entry for an investment. We saw the stitch above the ath and now there is the correction pattern to old resistance levels. This is completely natural and healthy for the development of the trend as well as healthy for your portfolio. Supported through the 200 MA and regarding to the fundamentals, this entry looks quite nice at the marked zone anticipating higher prices soon.
Comment:
Price fall back into the trendchannel. In concideration of the DXY, there is potential to consolidate at the green support line. I will constantly increase my position in Gold at that point.
Price fall back into the trendchannel. In concideration of the DXY, there is potential to consolidate at the green support line. I will constantly increase my position in Gold at that point.
Hope you all bought in the marked area. Other opportunities are coming.
First one is at the red line in the picture, second one is at the 38 fib level.