Can Spot Gold stage an upside breakout ?
This analysis is for educational purposes only. For an upside breakout, resistance level of the Box of Tricks is the zone to watch.
Due to scaling issues of the PnF charts, I have not drawn 45 degree trendlines but rather marked the buying waves in Blue and selling waves in Red. Most dominant recent wave is the penultimate selling wave in Red.
Will Spot Gold go anywhere in a hurry ? Not until the Box of Tricks resolves itself in either direction.Could there be opportunities in an approx 315 point trading range ?
Due to scaling issues of the PnF charts, I have not drawn 45 degree trendlines but rather marked the buying waves in Blue and selling waves in Red. Most dominant recent wave is the penultimate selling wave in Red.
Will Spot Gold go anywhere in a hurry ? Not until the Box of Tricks resolves itself in either direction.Could there be opportunities in an approx 315 point trading range ?
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.