This Will Signal A Massive Gold Rally
After a short reversal, gold will start marching for 49060 – 49200 . Don’t mess with gold below support trendline.
Can we expect a key level as a target? Yes, and I will update it into the next newsletter.
There are two ways this can go!
1. Daily chart breaks the support and falls (after a retest probably)
2. daily chart takes a support from here where 2 HR there should exist a bullish divergence in the MACD histogram and should start going up!
Points to note: Weekly chart has a bearish divergence and daily chart also has a bearish divergence! So probability of...
after a uptrend if gold price comes below 49115 then execute the sell trade with the stoploss of 49208
but if crosses the 49208 then execute buy trade with stoploss of 49115
levels are calculated based on wd gann angles studies
if your stoploss hit then dont panic but take another position on the other side you will be definately in profitable position.
I hope you can now see how the GC1! represents an excellent Bearish Bat low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be...
as we can see the gold is totally overbought right now,
as the stock market crash gold will also crash with it in a short term into 1300 usd
and then the next bull run will start that will lead 3200 top
as per my research.
its a nice idea to have some gold in your portfolio in this pandemic
