Gold can no longer fall, go long in 1955
Updated
Gold can't fall anymore. The big positive line at the bottom has obviously stopped the decline. Especially since the gold price fell to around 1944 overnight, it is obvious that the downward pressure is great. The K-line cannot go down. The big positive line directly swallows up the five positive lines. The decline is a desperate counterattack by the bulls. At the same time, there is an obvious bottom signal, which is a bullish engulfing pattern.
The four-hour gold price line has a strong Yang line. The K-line starts from below the 50-day moving average and directly breaks out of the suppression of the moving average. At the same time, the 50-day moving average also shows a strong twist upwards. At least the pause button is pressed on the downward movement. , the big positive line continues to exert force on the moving average, and directly goes long in 1955
Trade active
Trade active
Trade active
Trade active
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.