In this video I highlight the potential area for a pull back on Gold Using the TR Pocket and Trend based Extension tool . Using these tools combined we were able to establish a zone of perfect confluence for a downside reaction on Gold. Also I use the new Demonstration Cursor released by Tradingview to highlight the levels on the chart of where my fib pulls were made.
In addition to the above I noticed after completing the video that we have yearly pivots that are untapped around $2580.
CPI on Wednesday may give us the narrative for the reaction up at those highlighted highs and to begin cooling off . I welcome your engagement Boosts comments + follows . Enjoy Ty
In addition to the above I noticed after completing the video that we have yearly pivots that are untapped around $2580.
CPI on Wednesday may give us the narrative for the reaction up at those highlighted highs and to begin cooling off . I welcome your engagement Boosts comments + follows . Enjoy Ty
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.