MIDAS TECHNICAL ANALYSIS WITH DEMARK ANALYSIS $GOLD
Looking at the daily chart of gold a T.D Combo is about to complete which is lining up with the Monthly MIDAS R1 Curve launched from the 2012 high. Momentum is also approaching overbought conditions while forming a bearish divergence. Look for opportunities to go short on the lower time frames. The projected target is the $1000 handle which gives this setup an amazing risk to reward ratio.
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.