Hello Traders 🐺
The last time I published an idea about gold, it was trading around $3000, and I told my community that there’s a high probability of completing the AB=CD pattern, along with hitting one of the most important Fibonacci levels — the 1.618. 📐📈
In this case, we’re seeing a convergence of two major points of confluence, and in my opinion, somewhere around $3100 could mark the top for gold. That’s why I believe it’s wise to take some profit at this level.
Also, the RSI has hit the overbought zone almost three times, which suggests that a bubble may be forming in the gold market — and we could be on the verge of a correction after this parabolic run to $3100.
I hope you enjoyed this idea, and as always, remember:
🐺 Discipline is rarely enjoyable, but almost always profitable 🐺
🐺 KIU_COIN 🐺
The last time I published an idea about gold, it was trading around $3000, and I told my community that there’s a high probability of completing the AB=CD pattern, along with hitting one of the most important Fibonacci levels — the 1.618. 📐📈
In this case, we’re seeing a convergence of two major points of confluence, and in my opinion, somewhere around $3100 could mark the top for gold. That’s why I believe it’s wise to take some profit at this level.
Also, the RSI has hit the overbought zone almost three times, which suggests that a bubble may be forming in the gold market — and we could be on the verge of a correction after this parabolic run to $3100.
I hope you enjoyed this idea, and as always, remember:
🐺 Discipline is rarely enjoyable, but almost always profitable 🐺
🐺 KIU_COIN 🐺
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.