In the previous post on Gold, we could clearly see a reversal at the weekly 50 simple moving average
proving this to be a strong level of support.
So far this week and price has now moved below the 50sma displaying a bearish candle at the moment
but the important thing to note is the closing candle at the end of the week. If price closes above the
50sma again at the end of this week then it further reinforces this level as strong support.
If price closes below the 50sma then we may see further moves to the downside but as the overall trend
is up, the bias is indicating towards a bullish continuation.
It is just a waiting game now to see what price will do next as we hold onto our position which was
opened in the summer of 2020.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
proving this to be a strong level of support.
So far this week and price has now moved below the 50sma displaying a bearish candle at the moment
but the important thing to note is the closing candle at the end of the week. If price closes above the
50sma again at the end of this week then it further reinforces this level as strong support.
If price closes below the 50sma then we may see further moves to the downside but as the overall trend
is up, the bias is indicating towards a bullish continuation.
It is just a waiting game now to see what price will do next as we hold onto our position which was
opened in the summer of 2020.
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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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
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.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.