Cup and Handle formed on Gold recently.
We had a break above the brim level.
Now we are having some kind of retracement, for Smart Money to pick up orders before heading on up.
7>21>200
Price>200
RSI>50
Target
2,351
SMC:
Sell Side Liquidity order block is just below the handle of the C&H.
This is also where the powerful 200MA is.
When the price came down, Smart Money swept the liquidity of selling (bought into them) and hence the price shot up.
I am still very much bullish with Gold - Until further notice.
We had a break above the brim level.
Now we are having some kind of retracement, for Smart Money to pick up orders before heading on up.
7>21>200
Price>200
RSI>50
Target
2,351SMC:
Sell Side Liquidity order block is just below the handle of the C&H.
This is also where the powerful 200MA is.
When the price came down, Smart Money swept the liquidity of selling (bought into them) and hence the price shot up.
I am still very much bullish with Gold - Until further notice.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
🌐NEW Website 2025:
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.