3 Reasons Gold Remains A Bullish Trade Short Term...
Here are the 3 reasons gold may remain a bullish trade on the daily timeframe:
1. Double Bottom: Gold has been bearish trend since early March '22 but recently created a double bottom pattern
2. Gold price breaks the downward trend trailing price from its March peak
3. The second double bottom formed a Higher-Low to the Sept 28th swing low (1)
Gold price is now hovering withing buyers rejection level. Lower timeframe will trigger BUY OPPORTUNITIES here; OR gold will continue to honour the bigger downtrend
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
1. Double Bottom: Gold has been bearish trend since early March '22 but recently created a double bottom pattern
2. Gold price breaks the downward trend trailing price from its March peak
3. The second double bottom formed a Higher-Low to the Sept 28th swing low (1)
Gold price is now hovering withing buyers rejection level. Lower timeframe will trigger BUY OPPORTUNITIES here; OR gold will continue to honour the bigger downtrend
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Smart Monies trade on Emotions and Sentiments. Let them work for you in taking calculated risks...
-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts
-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Smart Monies trade on Emotions and Sentiments. Let them work for you in taking calculated risks...
-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts
-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.