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UnknownUnicorn13514545

Gold : Monthly pivot rejection is a strong bull trend signal ?

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
UnknownUnicorn13514545  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Technical Indicators Beyond Technical Analysis Harmonic Patterns Gold goldforecast goldsignals goldsignal goldidea goldanalysis XAUUSD xauusdsignals xauusdanalysis
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indicator beyondta harmonicpatterns gold goldforecast goldsignals goldsignal goldidea goldanalysis xauusd xauusdsignals xauusdanalysis
1157 (August 2018 low) to 2075 (August 2020 high)- two year strong bull market made correction around 1676 (March,2021) which is the price in between the 38.2% - 50% Fib retracement level. Last month, price managed to close above 1900 handle and then tested the monthly pivot around 1860 and reversed. Speculative sentiment index is around 40% on an average. Its seems like technicals are indicating the start of an incoming strong bullish trend

Monthly Pivot : 1861
Strategy : Split long positions
Signal : Long @ market price + Pending long positions in between 1861-1890 + One last buy limit position slightly below 1850

Major Support : 1836 & 1811
SSI : 40/60
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