RIding the gold boom. Jewellery maker PohkongAfter a steep rise earlier this year, Pohkong has retreated and consolidated forming a strong support while testing resistance a few times. Today after touching Gann Line, it has broken out from the Ichimoku cloud with high volume. If gold prices continue its trend, supported with strong current and future earning we can expect Pohkong to start an uptrend to form a cup
POHKONG trade ideas
POHKONG/ GOLD BULLISHA little bit on FA
- Are we going to see A FOMO in the market on GOLD
- The market sentiment on economic recovery, But bitcoin has reaches its All time high and gold shows a good buyer pressure
- 2021 will be a year where many will so-called buy into gold to hedge against the currency inflation
Weekly shows XAUUSD a good buy signal as bullish trend tends to resume, RSI shows above 50 together with a buy signal from MACD
WEEKLY POHKONG
From weekly, pohkong has been sideways with no volume for weeks ! and it stays afloat merely above RSI 50,
from Weekly we can see, MACD has crossed and show a buy signal
Highly chances PohKong will resume its uptrend !
*This is just education purposes, please do your own studies as this idea is not a buy sell call on any of the counter*