Buy Gold: ABC Pattern!!! + Analysis Fundamental
Hello, today I starting to analyze Gold, is one of the best money history of humanity and knowing the hard money, is precious!!!
Now, looking in Daily timeframe, we see that Gold is into this bullish channel from May 2020
So I expect that Gold is lead to the $2,200 as take profit because we continue following the bull trend
Finally, in H4 timeframe we see a possible formation of pattern ABC elliot waves, that mean a continuation of the trend. I put my long position in the $1966 USD, and my take profit is $2,018 USD and my SL is in the $1,950 USD investing 1 oz of XAU.
So, guys, this is my analysis, correlated with USD, in the latest hours, when I analyze Forex, I will going to add Fundamentals Keys for Gold, just wait for the next hours because today this morning I will going to busy and then, I dont have time to read, but yes time to make technical analsysi and the afternoon, I will going to make updates of this par and Forex, as Bitcoin and Ethereum do,
Just, my 3 position is long and are Bitcoin, Ethereum and Gold.
Now, looking in Daily timeframe, we see that Gold is into this bullish channel from May 2020
So I expect that Gold is lead to the $2,200 as take profit because we continue following the bull trend
Finally, in H4 timeframe we see a possible formation of pattern ABC elliot waves, that mean a continuation of the trend. I put my long position in the $1966 USD, and my take profit is $2,018 USD and my SL is in the $1,950 USD investing 1 oz of XAU.
So, guys, this is my analysis, correlated with USD, in the latest hours, when I analyze Forex, I will going to add Fundamentals Keys for Gold, just wait for the next hours because today this morning I will going to busy and then, I dont have time to read, but yes time to make technical analsysi and the afternoon, I will going to make updates of this par and Forex, as Bitcoin and Ethereum do,
Just, my 3 position is long and are Bitcoin, Ethereum and Gold.