GOLD DAILY
-Broke bear out of the tightening EQ on increased volume
-Bounced off the Weekly long term channel
-Closed below the 2011 ATH which we kept for quiet a while. And currently below it. Bulls really need to push up and close above it or we are going lower possibly back into the weekly channel
- Plan: Wait and see if we can push back up and close above the 2011 ATH, otherwise wait for more consolidation to the downside, possibly to 0382 FIBS ~1840 and D Oversold conditions
-Broke bear out of the tightening EQ on increased volume
-Bounced off the Weekly long term channel
-Closed below the 2011 ATH which we kept for quiet a while. And currently below it. Bulls really need to push up and close above it or we are going lower possibly back into the weekly channel
- Plan: Wait and see if we can push back up and close above the 2011 ATH, otherwise wait for more consolidation to the downside, possibly to 0382 FIBS ~1840 and D Oversold conditions
Stop loss in
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Stop loss in
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.