CFDs on Gold (US$ / OZ)Updated Gold year ahead 2024
Do your year ahead analysis to get an idea of possible turning points. We make use of a weekly timeframe to analyze the year ahead, breaking 2024 up in to 4 quarters. From here we move down to lower timeframe for microscopic analysis and trade entries on lower timeframe. Higher timeframe trendline, speedlines, Fibonacci or Pivot Points remain longer in play. To learn more get our website link on our main profile.
Note
Price trading midway in a rising channelNote
little price action from Jan up to now. this might be an indication of great indecision. Lower timeframes do offer trading opportunities but that falls outside the scope of this post.Note
23 Feb a bullish buy signal was generate after a small pullback. This created demand and more buyers joined in pushing the prices even higher as anticipate channel line.
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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.
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.