Entry: $1225 - $1230
Take Profit 1: $1250
Take Profit 2: $1260
Stop Loss: $1200
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Gold is formed a bullish pennant that might get broken during the coming up FED Powell Speech!
Bulls looking to take control?
Is this the moment to buy and hold Gold for what could be an economic recession?
Best of luck!
Gold still moves above the pivot and looks to continue the pattern by forming the 3rd wave, invalid if the price breaks below 1200, a big chance of a break up, completing the wave (E) in the weekly movement.
-Open long positions if the ...
Hello from the Cryptoryhthms Team!
Bottom Top Finder, when used on the daily or 12 hour timeframe with Gold is a winner! Backed up by a full decade of forecasting, with only 3 false signals given. 37/40 Past signals were profitable, and there is currently a long signal open given at $1175. We are shooting for a target of ~$1300 within 50 days. Stop loss set ...
Gold still moves above the pivot and looks to continue the pattern by forming the 3rd wave, a big chance to break up, finish the wave (E) in the weekly movement.
-Open long positions
-TP at the first and second daily daily resistance
Gold closes below the daily pivot for today, the RSI indicator is already in the oversold area and the price seems to start losing momentum. The chance is that if the price does not break the first daily support, the price will move back up to the pivot area.