DCL - CUP FORMATION TG : 10.00 - 11.40
DCL is currently trading in a cup pattern, with a post-breakout retest of the neckline at the 8.38 level, following a 36.00% rally from a low of 8.00. DCL now shows a homing pigeon bullish reversal formation with medium reliability. It is likely to continue its momentum toward the previous high of May 2024 at 11.40, followed by 12.80. The momentum indicators are in oversold territory. Accumulate with a defined risk below the 8.00 level.
Targets: 10.00 - 11.40 - 12.80
Dcl
Gold - Climb aboard, strap in & hold on!Gold has shown a confluence of key level, a strong Elliot cycle completing and a bullish PINbar signal at key support, which includes the 200 EMA & 61.8% retracement levels. Low risk entry at a key level, with bullish signal but counter current trend. 21st day of Daily Cycle. Likely DCL is now in place. High volume on the pinbar day, RSI oversold and reversed, TSI crossed from oversold. This is day # 21 of the daily cycle, with day 22 being a typical bottom. Targeting a new entry at 1271 with a minimum target of 1303 within 14 days. This reversal has the potential to challenge all recent highs and blow the doors off the 1360 level. Let's see where this rocket ship takes us and who has the stamina to hang on for the ride.