GOLD long "U"-turn
Hi Guys!,
In my opinion, gold (currently bearish) will head lower to $1190's (short-med term)
and then to the $1180's once Yellen announces a rate hike early Dec. (Which I think will happen)
Long after she hikes, will head back to the uptrend channel and ride it back to the $1300's+.
Yes, I'm a novice and open to any criticism.
My first published idea. Enjoy!
Regards,
Will
In my opinion, gold (currently bearish) will head lower to $1190's (short-med term)
and then to the $1180's once Yellen announces a rate hike early Dec. (Which I think will happen)
Long after she hikes, will head back to the uptrend channel and ride it back to the $1300's+.
Yes, I'm a novice and open to any criticism.
My first published idea. Enjoy!
Regards,
Will
Nota
Take note of the YTD RSI...its heading to the bottom..same exact RSI movement alike to last November. History repeats itself, I honestly think this pattern will suffice in the long term.Nota
Wow..looks like it did hit 1196. I'm 1 for 1 so far :)Nota
$1180's...o_O..There is a chance that the rate hike is priced in already. It wouldn't hurt to go long now at your own risk.
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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.