So we all know it's the graph of gold...
Average 200 in orange, average 20 in red, the candles are colored in reverse (declining in green and rising in red) - and that's it. Totally totally upside down
So if we disconnect for a moment from all expectations, desires and hopes and look at this graph as if without recognizing it (as much as possible):
If someone shows me the graph at a glance, to "throw" an analysis - it seems that this graph, in general, is going down, and if he wants to go up - he has some serious obstacles to overcome.
It also seems quite clear that this graph will first correct, most likely, towards the averages, because there is a rejection of the level (which you see is significant), and there is nothing to be excited about the "hammer" in this case, because it rather points to the direction that the graph really wants to go, it is simply Not yet "cooked" enough.
Maybe the institutions brought the price back to buy more cheaply...
And in the opposite words: gold looks pretty good in the direction of buying, and in the short term a small downward correction.
An inverted graph can sometimes help examine what you really think, especially if it's simple, different from what you're used to, and without all the usual chatter and expectations that direct us to what we want to think...
Average 200 in orange, average 20 in red, the candles are colored in reverse (declining in green and rising in red) - and that's it. Totally totally upside down
So if we disconnect for a moment from all expectations, desires and hopes and look at this graph as if without recognizing it (as much as possible):
If someone shows me the graph at a glance, to "throw" an analysis - it seems that this graph, in general, is going down, and if he wants to go up - he has some serious obstacles to overcome.
It also seems quite clear that this graph will first correct, most likely, towards the averages, because there is a rejection of the level (which you see is significant), and there is nothing to be excited about the "hammer" in this case, because it rather points to the direction that the graph really wants to go, it is simply Not yet "cooked" enough.
Maybe the institutions brought the price back to buy more cheaply...
And in the opposite words: gold looks pretty good in the direction of buying, and in the short term a small downward correction.
An inverted graph can sometimes help examine what you really think, especially if it's simple, different from what you're used to, and without all the usual chatter and expectations that direct us to what we want to think...
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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.