Gold - Possible trend reversal
Gold possibly has touched the bottom for this quarter and reversed its trend.
As you can see from the chart, the price stopped descending exactly at the marked support area which is 0,5 Fib retracement level.
The price has breaked descending trendline and goes up.
Personally I take this chance to add more gold to my inventory to hedge against inflation.
As you can see from the chart, the price stopped descending exactly at the marked support area which is 0,5 Fib retracement level.
The price has breaked descending trendline and goes up.
Personally I take this chance to add more gold to my inventory to hedge against inflation.
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.
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.