As illustrated, Im visualizing a strong beginning to a historical bullish MARCH.
On average in 15, 10, and 5 years, MARCH has been mostly bullish.
To anticipate a bullish march, FEB must make sense and leave a few clues that could indicate a healthy setup for a potential buy opportunity.
In this case, FEB made a natural correction toward the end of the month which makes total sense and it is completely appropriate and necessary to setup March for what COULD be next:
A STRONG BULLISH MARCH that could potentially take the yellow metal to see $3,000 USD/Oz for its first time in history.
The setup looks beautiful; with a bullish engulfing candle closing above previous candles, and such bounce having taken place below a major daily support and very near FEB's breaker block that served as a major support - trampoline level for the month (of February) to expand so strongly.
Market has grabbed liquidity at a discount price level, below the 50% retracement of the expansive move of FEB; yet another positive sign of a potential continuation to the upside since: THE TREND IS YOUR FRIEND.
I could be off in my timing by 1 week; maybe 2 AT MOST..
But there will be a continuation simply because the demand for gold just keeps rising with all the BS going on around the world + USA's insane tariffs THAT COME INTO EFFECT IN MARCH ... JOIN THE DOTS @!#$% ...
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GOOD LUCK!
On average in 15, 10, and 5 years, MARCH has been mostly bullish.
To anticipate a bullish march, FEB must make sense and leave a few clues that could indicate a healthy setup for a potential buy opportunity.
In this case, FEB made a natural correction toward the end of the month which makes total sense and it is completely appropriate and necessary to setup March for what COULD be next:
A STRONG BULLISH MARCH that could potentially take the yellow metal to see $3,000 USD/Oz for its first time in history.
The setup looks beautiful; with a bullish engulfing candle closing above previous candles, and such bounce having taken place below a major daily support and very near FEB's breaker block that served as a major support - trampoline level for the month (of February) to expand so strongly.
Market has grabbed liquidity at a discount price level, below the 50% retracement of the expansive move of FEB; yet another positive sign of a potential continuation to the upside since: THE TREND IS YOUR FRIEND.
I could be off in my timing by 1 week; maybe 2 AT MOST..
But there will be a continuation simply because the demand for gold just keeps rising with all the BS going on around the world + USA's insane tariffs THAT COME INTO EFFECT IN MARCH ... JOIN THE DOTS @!#$% ...
--
GOOD LUCK!
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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.