Futures OroLong
GOLD: will the 2019 gold rush repeat in 2022?
Gold is now whipsawing around MA20 of the Bollinger Band with very small volatility. (See yellow candles). Just like 2019 the start of a big bull run, Bollinger Band is also constricting with most moving averages also converging & returning to the mean around the 1800 zone.
It seems like Gold is also trying to breakout of the falling wedge & to go into the Ichimuko Cloud similar to 2019.
Once it breaks out of the wedge & cloud, the next bull run shall begin.
In the short term, there may still be fluctuations inside the 1760 to 1834 range.
Not trading advice
It seems like Gold is also trying to breakout of the falling wedge & to go into the Ichimuko Cloud similar to 2019.
Once it breaks out of the wedge & cloud, the next bull run shall begin.
In the short term, there may still be fluctuations inside the 1760 to 1834 range.
Not trading advice
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