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Gold - Weekly Bullish ViewAnalysis Points : - - 76 Weeks of Consolidation - VCP Formation - Near Trendline Breakout - Fibonacci Extension near to its Previous All time high (1st Target) - Daily chart outperforming Nifty by 3% in previous week this show relative outperformance of instrument vs Nifty. Note - This view is not for short term trading purpose this is rather positional for 5-6 Months. By looking at global market risks and inflation I prefer to shift some of my allocation to gold as neutral hedge against equity.
TVC:GOLDLong
by HB5
Does MPP (P) 22372.6 work?There is no trend, it is NK225 that goes between 22000 and 23000 range. However, it is still difficult to understand price movements. I think that there is no problem by doing both trading and selling. << tactics >> 1) MPP (P) 22372.6 can be recognized as functioning. short. There is WePP (S1) 22195.6 on the way, but thought to penetrate, it limits above 22000.0. However, consider exit if it is reflect cleanly in WePP (S1). 2) MPP (P) 22372.6 cannot be recognized as functioning. Pierce the MPP(P) upwards and recognize the support and consider the long. I think that double zero 22500.0 is losing its function. But if it works I thinks of exit. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
OANDA:JP225USDShort
by fondiea