Note

Cycle Trading: Gold update

· Views 28

We will begin tonight with a look at gold’s chart from 12/22/20.

Cycle Trading: Gold update

Back on 12/22 we noted that gold ran into resistance at the declining intermediate trend line and then lost the 50 day MA.

Cycle Trading: Gold update

Since then gold has found support at the rising 10 day MA and has regained the 50 day MA.  Gold needs to break above the declining intermediate trend line in order to confirm that November 30 the was the ICL which should result in a trending move

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.