Come on GOLD, do something 📈 💥

Hi everyone 👋🏽

🕊 Wish y'all have a profitable lifestyle 🍀

📌 XAUUSD- Daily Time-Frame - Candlestick

📌 Fractal - Price Action - Double Bottom

📍GOLD may create a double bottom in daily time frame but it is not still confirmed; but with double bottom being confirmed I can see the 1830 price zone being touched

📍If GOLD manages to hit 1830$ zone we will see another retest of its previous descending trendline. Further growth depends so much on many other factors such as inflation, crypto currency, new pandemic lock down ,etc.

📍If inflation continue to grow as fast as now investments in GOLD , Crypto ,etc may increase at such a pace.

✍🏼 If price fails to break the descending trendline as 2 times before another crash is expected and I personally see this crash happening in Cryptocurrency which can be a bad news for Cryptocurrency

✍🏼 From both point of views a triangle is clear to see in daily time frame and triangles usually follow the previous trend which is bullish

THIS IS NOT A FINANCIAL ADVICE
PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION
GOOD LUCK
NP TRADER

Kommentera:

We are actually in the retest zone, since the price breaks and stays above the line we can confirm that a bullish cycle may be creating