Personal Opinión
I'm analyzing the long-term chart, and from what I see, it goes up to 2500-2511.
After reaching that point, a news story will come out and be published everywhere as "The Price of Gold Breaks Record High." This is an assumption since whenever the value reaches a new high for the first time on any given chart, a positive news story always follows, and whenever positive news is released, the value always drops.
As I've always said, 'Sell the News and Buy the Scare.'
Soon, we will see on the chart what is called a 'Symmetrical Expanding Triangle.'
This means that after reaching 2500-2511, the price will drop and create what we mentioned above, visiting the important value range of 2400-2385. At this point, there will be a lot of uncertainty, as it is a decision point to go in either direction.
I recommend that these months are very important if you want to open long-term positions, but when it reaches the 2400-2385 point, I do not recommend doing so; instead, do scalping.
After reaching that point, a news story will come out and be published everywhere as "The Price of Gold Breaks Record High." This is an assumption since whenever the value reaches a new high for the first time on any given chart, a positive news story always follows, and whenever positive news is released, the value always drops.
As I've always said, 'Sell the News and Buy the Scare.'
Soon, we will see on the chart what is called a 'Symmetrical Expanding Triangle.'
This means that after reaching 2500-2511, the price will drop and create what we mentioned above, visiting the important value range of 2400-2385. At this point, there will be a lot of uncertainty, as it is a decision point to go in either direction.
I recommend that these months are very important if you want to open long-term positions, but when it reaches the 2400-2385 point, I do not recommend doing so; instead, do scalping.
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.