Gold buy opportunity
The last time when Gold tried to leave the negative trend channel it failed to break the very strong and multiple resistance:
+ falling trend line (1206$)
+ upper limit of trend channel (1214$)
+ swing trend line (1215$)
But it has crossed the negative trend line in RSI and it has stayed above until today.
The actual offensive could have more chances, because Gold is starting from the lower limit of the little trend channel (green), RSI is in better condition, MACD trigger line is above signal line (unfortunately still in bearish zone); EMA 50 is above the actual price and leveling.
If Gold manages to break the resistance at ~ 1200$, the first aim will be the swing trend line at 1215$ (orange). This is an important level. We´ve seen a lot of fights on this level since 2016.
The second resistance will be the price-level at 1.240$; also coming from 2016.
And so on, step by step.
Once Gold will have broken the ascending trend line (actually on 1260$) it´ll get back into the positive trend, which has started in feb 2016.
STOP! if Gold doesn´t leave the negative trend channel - then new losses are to be expected.
This is no trading advice.
+ falling trend line (1206$)
+ upper limit of trend channel (1214$)
+ swing trend line (1215$)
But it has crossed the negative trend line in RSI and it has stayed above until today.
The actual offensive could have more chances, because Gold is starting from the lower limit of the little trend channel (green), RSI is in better condition, MACD trigger line is above signal line (unfortunately still in bearish zone); EMA 50 is above the actual price and leveling.
If Gold manages to break the resistance at ~ 1200$, the first aim will be the swing trend line at 1215$ (orange). This is an important level. We´ve seen a lot of fights on this level since 2016.
The second resistance will be the price-level at 1.240$; also coming from 2016.
And so on, step by step.
Once Gold will have broken the ascending trend line (actually on 1260$) it´ll get back into the positive trend, which has started in feb 2016.
STOP! if Gold doesn´t leave the negative trend channel - then new losses are to be expected.
This is no trading advice.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.