jonnytren

GOLD

Long
jonnytren Aggiornato   
TVC:GOLD   CFD Oro (US$/OZ)
Measured move,
Basing from 2014 to 2019.
Fibonacci extension from the 19' low to covid run gives a measured target of roughly $2500 USD

also bullish flag pattern has the same target.

Once of the strongest looking sectors IMO.
Commento:
Gold has pulled back, but I think its just climbing a wall of worry.
The fundamental thesis behind it have never been stronger.
Commento:
Pulling back to 200 WMA
still just backtesting on that bullish flag.
DXY still rallying.
Commento:
DXY pulled back.
Pulled back to 200 WMA ?
Commento:
Gold having a good run, macro backdrop is turning in golds favour,
my largest and highest conviction thesis.

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