Gold short term retracement, mid-long term bullish
Gold has broken out from its long term consolidation with a rounding bottom.
Expecting minor retracement back to $1450 levels which coincides with the short term support and 1st fib level retracement for bulls to recharge before pushing new yearly highs again.
4H time frame shows exhaustion with a descending triangle forming.
Buy the dip.
Expecting minor retracement back to $1450 levels which coincides with the short term support and 1st fib level retracement for bulls to recharge before pushing new yearly highs again.
4H time frame shows exhaustion with a descending triangle forming.
Buy the dip.
Note
China retaliates on the trade war.Causing US stocks to crash n gold to surge.
Stopped out from this trade. Back to being bullish
washingtonpost.com/business/2019/08/23/china-hits-us-with-tariffs-billion-worth-goods-reinstates-auto-levies-state-media-report/
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.