Gold/ XAUUSD has many puzzled today with its strong decline, however the long term trend is unchanged inside the large Channel Up.
The shorter Channel Up, according to the 1day RSI also, resembles the pattern of November/December 2022. Both formed after a +10.50% price increase. The latter went on to complete a +21.20% rally from the Double Bottom (another shared characteristic).
As long as the 1day MA50 supports, buy and target 2180.
Previous chart:
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The shorter Channel Up, according to the 1day RSI also, resembles the pattern of November/December 2022. Both formed after a +10.50% price increase. The latter went on to complete a +21.20% rally from the Double Bottom (another shared characteristic).
As long as the 1day MA50 supports, buy and target 2180.
Previous chart:
Follow us, like the idea and leave a comment below!!
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💰 Account management
💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
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thecryptagon.com covers news & insights on global markets (crypto, forex, stocks, commodities)
Institutional services offered:
💰 Daily consulting
💰 Account management
💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
Institutional services offered:
💰 Daily consulting
💰 Account management
💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.