UnknownUnicorn13514545

Gold : Monthly pivot rejection is a strong bull trend signal ?

Long
OANDA:XAUUSD   Or / Dollar Américain
1157 (August 2018 low) to 2075 (August 2020 high)- two year strong bull market made correction around 1676 (March,2021) which is the price in between the 38.2% - 50% Fib retracement level. Last month, price managed to close above 1900 handle and then tested the monthly pivot around 1860 and reversed. Speculative sentiment index is around 40% on an average. Its seems like technicals are indicating the start of an incoming strong bullish trend

Monthly Pivot : 1861
Strategy : Split long positions
Signal : Long @ market price + Pending long positions in between 1861-1890 + One last buy limit position slightly below 1850

Major Support : 1836 & 1811
SSI : 40/60
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.