GLD Potential Trend Reversal
Reasons I believe a potential trend reversal will arrive soon:
I will wait for the trend line break, followed up with another bearish candle, looking to enter around $13.50 area, with an initial target of around $12.50, with a stop just above the second trend line I drew.
- Price has pulled back into 50 Day Moving Average
- Previous day's market hours opened with a gap lower and a push of buyers that failed to move the price much higher
- Price is hugging the trend line, seems to need only a little push to break through
- The Daily chart stochastic momentum index shows buyers beginning to lose control
I will wait for the trend line break, followed up with another bearish candle, looking to enter around $13.50 area, with an initial target of around $12.50, with a stop just above the second trend line I drew.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.