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Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
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Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
The gold chart is interestingly poised. There is a nice consolidation highlighted by the turquoise color box. Price has subsequently retested the top of this box and turned around. A move past $1,370 would be a good signal to buy yhe yellow metal.
Check the annotation in the chart.
Have a look at the chart annotation
This is a follow up to the idea published yesterday in Venkeys.
Looks like a Wyckoff accumulation. After the breakout, there is retest aka BUEC in Wyckoff terms. Looks bullish.
The key points of interest is annotated in the chart. Looks bullish
Price confined to a nice trend channel. A breakout past the middle line could push the stock to the upper parallel.