GOLD - On your Marks - Shine will Rise
Shinny metal poised to rise. All it needs is a bullish breakout through the Neckline weekly chart.
1) Inverter head and Shoulder pattern - Weekly chart - Target indicated on the chart
2) Longer duration Cup and Shoulder - Weekly chart - higher target indicated on the chart
3) ADX > 25 and is rising trend - gaining momentum
4) The price in the local currency can be worked out based on linearity ratio
5) Price higher than 50 DMA and rising. 50 DMA > 200 DMA
This idea is for academic purpose and not a recommendation for Buy / Trade.
1) Inverter head and Shoulder pattern - Weekly chart - Target indicated on the chart
2) Longer duration Cup and Shoulder - Weekly chart - higher target indicated on the chart
3) ADX > 25 and is rising trend - gaining momentum
4) The price in the local currency can be worked out based on linearity ratio
5) Price higher than 50 DMA and rising. 50 DMA > 200 DMA
This idea is for academic purpose and not a recommendation for Buy / Trade.
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