The current uptrend for gold is more likely a new impulsive wave. We can compare it with usoil which had a similar structure before (in 4h time frame). A leading decline triangle and then a quick drop. Following the quick drop is a rapid rising.
Good luck for everyone!
Good luck for everyone!
Note
Nice bull! It goes as expected. It goes in the same way as oil structure before.Trade closed: target reached
I closed my longs gradually as it is coming to a supply zone. The dxy might pop here. I will wait for the pull back and prepare to buy again. It should go higher in long term.
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.