Signal: LONG GOLD
After going parabolic this past few days -- hitting a series of ATH on daily basis, Gold finally took some well deserved respite, and hibernated to tap previous resistance turned support area.
Price is now basing again at this discounted zone -- an ideal seeding area.
Fib tap at 38.2 has been spotted. This is where most buyers converge.
The growth prospect of this next phase in progress is a bit on the generous side. A possible 2500 pip scenario from the current price range.
Long at current price 3330.
Target 3650.
TAYOR. Trade safely.
After going parabolic this past few days -- hitting a series of ATH on daily basis, Gold finally took some well deserved respite, and hibernated to tap previous resistance turned support area.
Price is now basing again at this discounted zone -- an ideal seeding area.
Fib tap at 38.2 has been spotted. This is where most buyers converge.
The growth prospect of this next phase in progress is a bit on the generous side. A possible 2500 pip scenario from the current price range.
Long at current price 3330.
Target 3650.
TAYOR. Trade safely.
Note
Update. We overextended yesterday on the trim -- but it returned to our original spotted baseline price.This diagram is showing some POKE action already -- bulls are about to regain control.
So far this signal has delivered since 2900.
Note
Update.After analyzing a full year data -- this is what I saw. A resistance turned support scenario -- transitioning to a new higher channel. Price growth from here will be extraordinary.
Note
Doing the same DNA behavior on 2900 era - a possible repeat of growth metrics as well.
5000 pips to 3800 from 3300.
TAYOR. Trade safetly.
Note
RAILWAY switch mode now.
Note
bear heat cooling down.
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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.