WPM Long idea with fundamentally and technically supported
WPM Long idea with fundamentally and technically supported
The overall fundamental idea is the demand for materials, commodities, especially GOLD in this monetar-political cycle. As we know: keeping GOLD is good conpensation against inflation.
Technical picture:
RSI <40 means: oversold
This is also suppported with a counter trend break. Also the 36 $ is strong support line.
Entry: 38 $
Stoploss: 34 $
Target: 53 $
RR: 4:1
The overall fundamental idea is the demand for materials, commodities, especially GOLD in this monetar-political cycle. As we know: keeping GOLD is good conpensation against inflation.
Technical picture:
RSI <40 means: oversold
This is also suppported with a counter trend break. Also the 36 $ is strong support line.
Entry: 38 $
Stoploss: 34 $
Target: 53 $
RR: 4:1
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