Detail Breakdown on GOLD Mid-Long Term Outlook
Aggiornato
Hello traders:
Today I breakdown GOLD's current price action, and I discuss the potential possibility on the mid to long term outlook.
There could be different possible scenarios from the price, so its a good practice to have a solid trading plan and management.
Mid term wise I prefer to see price makes one more move to the downside, breaking previous lows and hit the bottom for the HTF flag/channel structure before reversing.
Alternatively we can also expect price to consolidate here and form a LTF impulse to breakout of the LTF flag/channel as well.
In both cases, long term outlook is certainly bullish if we get a completion of the LTF flag/channel that will have high probability to lead into next bullish impulse run.
Any questions, comments or feedback welcome to let me know.
Thank you
Jojo
Today I breakdown GOLD's current price action, and I discuss the potential possibility on the mid to long term outlook.
There could be different possible scenarios from the price, so its a good practice to have a solid trading plan and management.
Mid term wise I prefer to see price makes one more move to the downside, breaking previous lows and hit the bottom for the HTF flag/channel structure before reversing.
Alternatively we can also expect price to consolidate here and form a LTF impulse to breakout of the LTF flag/channel as well.
In both cases, long term outlook is certainly bullish if we get a completion of the LTF flag/channel that will have high probability to lead into next bullish impulse run.
Any questions, comments or feedback welcome to let me know.
Thank you
Jojo
Nota
Pubblicazioni correlate
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.