Gold...What's Up?
I Calls Em As I Sees Em.
This is not a popular idea...Ask me how I know. Ha Ha
This is a MONTHLY chart. Take that into consideration.
I've been tracking/anticipating this trade for months. I believe I am at the point of taking this trade.
Risk is well defined.
As the chart illustrates I think we are now entering the acceleration down phase of the large C wave which will terminate around $1300-1400 area TBD.
I'm including a shorter term chart which show the junction of price with the channel line of the broken bull channel. This is occurring at the channel .786 Fib level.
If the price climbs back into the bull channel I will consider the trade busted. For now Risk-Reward is optimal.
This is not a popular idea...Ask me how I know. Ha Ha
This is a MONTHLY chart. Take that into consideration.
I've been tracking/anticipating this trade for months. I believe I am at the point of taking this trade.
Risk is well defined.
As the chart illustrates I think we are now entering the acceleration down phase of the large C wave which will terminate around $1300-1400 area TBD.
I'm including a shorter term chart which show the junction of price with the channel line of the broken bull channel. This is occurring at the channel .786 Fib level.
If the price climbs back into the bull channel I will consider the trade busted. For now Risk-Reward is optimal.
Catatan
Adding a fork to the monthly...Catatan
Catatan
I'm looking for one more rally with failure at the TL....
Pernyataan Penyangkalan
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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.