Hey y’all, i charted a possible bullish play that could potentially lead to some upside regarding GS1! Here we potentially have a alternate XABCD that’s below the typical pattern completion zone of the 786 and 886 fib retrace ratios. We are showing Class A Bullish Divergence on both oscillators IEW the RSI and MACD showing seller exhaustion and negative momentum...
Reclaim of trendline = MEGA HOT
Gold Futures = MEGA HOT
Inflation round two inevitable and Biden's "month on month 0 inflation" LOL.
New outlets painting a picture of "maybe inflation really is transitory" MEGALOL
Let's see how that lasts once we get into winter. Side note: Check out the US oil reserves over the past number of years to now... Yiiiiiikes
Is the market is close to break the resistance?
According to my technicale analysis of The Gold Futures , we can see that the gold market is in a trading range, and it's approaching a very important zone. Stay tuned, we note that we are goning to see Long trend in the next few weeks!
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You see my first plan on gold in the link below, and image here
And then I make a plan change and make a little scalp and see link below and image here
Now we come back to initial plan which is now still valid. I won’t take a long position if this 4h candle closes below yellow line but I will take position of long if 4h candle close above yellow...
Thank you for your likes, comments and shares! Much appreciated! This is an idea not a financial advise.
A quick look at the some of the Gold key points. It probably will provide you an extra look on the price action.
See how the volumes have increased throughout the time. Some parabolic moves and little...
In the past few sessions Gold has been under the spotlight, with prices going from 1680 dollars to 1780 in just two weeks.
The massive global fiscal and monetary stimulus is starting to show in the data, with the increasingly concrete possibility of a return of inflation.
This is no longer hypothetical: the data of April 13, in fact, was very clear.