GOLD Done with its Consolidation?
1. EMAs are moving up
2. RSI and price action has consolidated for a week and a half and 4 hourly and hourly price action are looking good with EMAs showing good support.
3. Demand zone held up well
4. RR could be better so not putting on full size with this.
*Fundamentally, stocks are bearish now and I would see money moving more into gold prices.
2. RSI and price action has consolidated for a week and a half and 4 hourly and hourly price action are looking good with EMAs showing good support.
3. Demand zone held up well
4. RR could be better so not putting on full size with this.
*Fundamentally, stocks are bearish now and I would see money moving more into gold prices.
Note
Reaching major resistance, we can look to take some offTrade fermée: cible de profit atteinte
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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.