Gold is acting as expected following its bounce off the weely 50 simple moving average zonal support area.
During that period, price did drop below the daily 200 simple moving average and that move could have
influenced traders to panic and exit positions prematurely.
Looking at the higher timeframe, which in this case is the weekly chart, allows us to look at the market
more objectively. Once we become objective, we are in a position to make sound investment decisions
that should over time result in healthy consistent returns.
Price is looking strong so far this week and is now fast approaching the $2000 round number which may
act as strong resistance again.
If price is able to break this resistance zone, then it has the all-time high at $2075 to contest with.
The recent deep pullback is part and parcel of the behaviour of Gold and if price is to repeat itself
then we should see new record highs created in the coming weeks/months.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
During that period, price did drop below the daily 200 simple moving average and that move could have
influenced traders to panic and exit positions prematurely.
Looking at the higher timeframe, which in this case is the weekly chart, allows us to look at the market
more objectively. Once we become objective, we are in a position to make sound investment decisions
that should over time result in healthy consistent returns.
Price is looking strong so far this week and is now fast approaching the $2000 round number which may
act as strong resistance again.
If price is able to break this resistance zone, then it has the all-time high at $2075 to contest with.
The recent deep pullback is part and parcel of the behaviour of Gold and if price is to repeat itself
then we should see new record highs created in the coming weeks/months.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
Join Our Private Community
bit.ly/join-ST-community
Plus Get Our Ultimate Stock Market Blueprint.
bit.ly/join-ST-community
Plus Get Our Ultimate Stock Market Blueprint.
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Join Our Private Community
bit.ly/join-ST-community
Plus Get Our Ultimate Stock Market Blueprint.
bit.ly/join-ST-community
Plus Get Our Ultimate Stock Market Blueprint.
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。