As I previously posted Gold is looking bullish and Gold has a number of factors which point to the possibility of a major breakout such as:
1. The 20/50/100/200 DEMA are aligned in a descending order which is a sign of a bull market.
2. Gold has been trapped in an ascending triangle for the previous few days and has closed at the top of the formation.
3. An inverse head and shoulders has been formed and if the neck line is broken it indicates a possible move of $132.
There are also fundamental factors pointing to this possibility:
1. Negative real rate of interests.
2. Central banks easy money policy and their comfort with higher inflation.
3. New strain of Corona off setting vaccine optism.
4. The possibility of a Georgia win by Democrats which would give them control of the Senate.
The breakout would be the confirmation required for the bull market which I believe has already started and the possibilty of new highs in Gold is very much on the cards in 2021.
1. The 20/50/100/200 DEMA are aligned in a descending order which is a sign of a bull market.
2. Gold has been trapped in an ascending triangle for the previous few days and has closed at the top of the formation.
3. An inverse head and shoulders has been formed and if the neck line is broken it indicates a possible move of $132.
There are also fundamental factors pointing to this possibility:
1. Negative real rate of interests.
2. Central banks easy money policy and their comfort with higher inflation.
3. New strain of Corona off setting vaccine optism.
4. The possibility of a Georgia win by Democrats which would give them control of the Senate.
The breakout would be the confirmation required for the bull market which I believe has already started and the possibilty of new highs in Gold is very much on the cards in 2021.
交易進行:
breakout on the 1H chart but confirmation is dependent on the close in the daily chart.
交易進行:
Gold is currently facing some resistance at the 1935-36 level which is also a major resistance level however we also are not seeing any major selling so the trade continues to be active and Gold should be able to break this level.
交易進行:
LOL, just posted the update and Gold makes fresh daily high
手動結束交易:
GOLD finding resistance at the 1945 level, expect a temporary retracement before continuing its bull run.
