👍👍👍Dumps up and like it! 👍👍👍
$60 difference between gold futures and gold price. In the gold future already a higher high compared to the beginning of the month.
Is this already the 1 of the extending 5 in the commodity segment?
Looks like it but is not yet confirmed.
Thanks to Frank, who noticed that in the phone call.
1/ We have blue lines of downtrend
2/ The Pink Line of support was...
3/ ...broken down in the very bearish style: SB+ND+SB. It was effort of bears to push price down. Chart tells that sellers have control over 1488 level.
4/ I plot green line of resistance on this level. Now read the signs from chart when price approached green resistance line:
Gold futures GD sell opportunities from monthly supply imbalance located at $1310.The exact same look for XAUUSD spot market and XAUUSD CFD. There is a very strong monthly supply level that was created after a very strong drop in price last April 2018, almost one year later price has returned to it.
The supply and demand technical analysis and basic core rules do...