XAUUSD UPDATE Gold targets update first target 1725.622
The second target 1677,059
previous analyses::
PIO
Water supply ETF $CGW may explote to the upsideIs in a confirmed uptrend and now after a volatility contraction pattern (VCP), AMEX:CGW is showing a pivot buy just above $60. My trade will be buying above the pivot with a stop just below the 50-day MA and a target sell at $66. Low risk trade with a 2:1 risk/reward ratio.
NASDAQ:PIO , another water supply ETF is behaving very similarly but, I prefer AMEX:CGW because it has had better historical returns. But still, could be a good trade.
Some of the industry leaders are also showing the same bullish pattern. The ones that I have on my watchlist are NYSE:DHR and NYSE:AWK .
PIO Analysis 2 MonthsIn this PIO analysis, you can see the 2 possible directions of this ETF, bullish or bearish.
Through 2 Fibonacci analysis we can see the supports and resistances that must be keep in mind, because these will determine the PIO direction.
Tell me your opinion and if you want me to do more analysis.
Thanks <3
Esiquiel.
