On the weekly chart, gold is on a steady trajectory as it bounces off the
lower parallel line of the parallel uptrend.
Steady as she goes as another buying opportunity presents itself.
A bullish engulfing pattern confirms the bounce as we sail to $16.52 as an
initial target where some profit taking could take place.
Disclaimer:
This is not trade advise! No liability will be accepted for your trading losses!
RaSantana's ideas or publications are meant for educational purposes only, and are
given in good faith! If you are unsure or have any doubts about your actions, you
should seek advise from an investment advisor!
It must be realised that I am a human and as such, even I can make mistakes! :)
Errors in judgememt and misinterpretations can and will occur, so trade at your own
risk!
I hope that you will find some of my ideas helpful & useful, and if you like them I
would encourage you to click the LIKE symbol.
Wishing you all the best of luck in your trading and investment activities!
lower parallel line of the parallel uptrend.
Steady as she goes as another buying opportunity presents itself.
A bullish engulfing pattern confirms the bounce as we sail to $16.52 as an
initial target where some profit taking could take place.
Disclaimer:
This is not trade advise! No liability will be accepted for your trading losses!
RaSantana's ideas or publications are meant for educational purposes only, and are
given in good faith! If you are unsure or have any doubts about your actions, you
should seek advise from an investment advisor!
It must be realised that I am a human and as such, even I can make mistakes! :)
Errors in judgememt and misinterpretations can and will occur, so trade at your own
risk!
I hope that you will find some of my ideas helpful & useful, and if you like them I
would encourage you to click the LIKE symbol.
Wishing you all the best of luck in your trading and investment activities!
