Long

GOLD (Prj 2019.P01.E01). Going Long

Updated

I thought I dabble with Gold as its seems the world is looking for a safe haven for their wealth as the USA markets\fiat system is starting to scare people with negative interest rates and as Dow Plummets, Yield Curve Inverts First Time Since 2007.
As for the chart, the momentum is there with just the completion of the cup and handle, exactly.
Many say precious metals is where the growth is, including gold and silver.

I'm just going to go with pure TA and see how this goes.

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Drop headed for the 21 EMA on the Daily.
Strong support available at the 200 EMA on the 4 Hrly

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Short term, bullish divergence

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I said bullish divergence but did a bearish move, apologies, must not have been concentrating.
Must got my charts mixed up with the wording. Anyway, the bullish divergence played out.

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Update \ tracing results

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Next stage

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Bullish divergence on the 4 Hrly

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ssari

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