First Idea on Tradingview - Gold at critical range

2019年2月2日

Since mid 2013, gold has been spending a lot of time consolidating between the 1200.00 area and the 1400.00 area. 2015 we saw a heavy bear push to test the 1050.00 area, with the beginning of 2016 giving us exactly the opposite movement as gold takes off to nearly 1400.00 (1374.41) before half of the year is finished. The last half of 2016, price fell back to 1200.00.

2017 was a slow climb from 1133.65 to the high that year of 1362.10
2018 started in a tight range (1365.00 - 1300.00). Mid year break out to the downside, ran for the summer before finding support at the 1200 area in August of last year.

August and September, price was testing the 1200 area. We took back off with a heavy bull candle in October and have been bullish since. This is a critical area that price is in as we are now back into the range that price was stuck in at the beginning of last year.

2019年2月2日

註釋

Since mid 2013, gold has been spending a lot of time consolidating between the 1200.00 area and the 1400.00 area. 2015 we saw a heavy bear push to test the 1050.00 area, with the beginning of 2016 giving us exactly the opposite movement as gold takes off to nearly 1400.00 (1374.41) before half of the year is finished. The last half of 2016, price fell back to 1200.00.

2017 was a slow climb from 1133.65 to the high that year of 1362.10
2018 started in a tight range (1365.00 - 1300.00). Mid year break out to the downside, ran for the summer before finding support at the 1200 area in August of last year.

August and September, price was testing the 1200 area. We took back off with a heavy bull candle in October and have been bullish since. This is a critical area that price is in as we are now back into the range that price was stuck in at the beginning of last year.