Week #1 - GOLD (oct. 14, 2018)
Price has broken consolidation range with great volume! this means we may be seeing a new uptrend. Price is now testing a support, which is a 23.6% fib. retracement, price may go a little down by the 38.6% (which is another S&R area too) and continue its way up.
Additional Confirmations
Market has the reason always so in case price goes down, it may consolidate AGAIN -.- and we may go shorts when entering and respecting the former consolidation resistance
Additional Confirmations
- The consolidation break was made with a HUGE Volume, this means market is DONE about that consolidation and the bulls are trying to stablish a new uptrend.
- MACD Signal Line has crossed the "0 line" meaning a new possible uptrend, meanwhile MACD Histogram may increase, meaning the end of a market retracement.
Market has the reason always so in case price goes down, it may consolidate AGAIN -.- and we may go shorts when entering and respecting the former consolidation resistance
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.