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.
🌐NEW Website 2025:
mati-trader.lovable.app/
✅ Facebook:
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𝕏 (Formerly Twitter):
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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)
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
🌐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)
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.