There's a few indications for us to be bullish on gold:
- Price is supported on the daily level at 1455 range
- The selloff on gold is slowing down
- Specifically, we can see accumulation with every sell off, which is signalled by the bullish green bars
- Once offers have been exhausted, we should see gold soar from a series of covers and new entries
Note
Quick chart to show the daily support holding up.
Trade active
Gold has rallied hard, currently still holding a long position:Trade closed: target reached
Gold continued to surge. Trade exited as price begins to stall. There is a fundamental driver of a gold shortage. Typically, price should soar when there is a "shortage" of anything. I could possibly be making a mistake for getting out where I did.
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.
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.