Sharp rally seen yesterday which pushed the Gold Futures to an intraday high @ $ 1'976.50.
An healthy corrective and consolidation move took place and this recent price action should be seen as a constructive price action calling for further upside over the upcoming trading sessions.
Tenkan-Sen @ 1'911 should be the first level to look at on a daily closing level as a failure to hold above this point would put some selling pressure towards the Kijun-Sen @ 1'878, already been tested recently.
Below the MID BOLLINGER BAND, currently @ 1'851 remains a good indicator and should be used as a BAROMETER !
The Lagging Line on a DAILY basis is far above the clouds.
4 HOURS (H4)
The yesterday's low reached yesterday @ 1'878 coincides exactly with the top of the 4 hours clouds support and the clouds worked perfectly well in rejecting, so far, the downside breakout attempt.
In this H4 time frame a failure to hold above the clouds support zone (1'860) would postpone a little bit the expected bullish scenario, calling for higher levels
CONCLUSION :
A FIRST BREAKOUT OF THE DOUBLE BOTTOM TRIGGER LEVEL @ 1'919 OCCURED YESTERDAY AND SHOULD BE CONFIRMED ON A WEEKLY CLOSING BASIS LATER ON TODAY.
A CONFIRMATION WOULD OPEN THE DOOR FOR THE TECHNICAL TARGET OF THE DOUBLE BOTTOM @ $ 2'161
IRONMAN8848 & Jean-Pierre Burki
An healthy corrective and consolidation move took place and this recent price action should be seen as a constructive price action calling for further upside over the upcoming trading sessions.
Tenkan-Sen @ 1'911 should be the first level to look at on a daily closing level as a failure to hold above this point would put some selling pressure towards the Kijun-Sen @ 1'878, already been tested recently.
Below the MID BOLLINGER BAND, currently @ 1'851 remains a good indicator and should be used as a BAROMETER !
The Lagging Line on a DAILY basis is far above the clouds.
4 HOURS (H4)
The yesterday's low reached yesterday @ 1'878 coincides exactly with the top of the 4 hours clouds support and the clouds worked perfectly well in rejecting, so far, the downside breakout attempt.
In this H4 time frame a failure to hold above the clouds support zone (1'860) would postpone a little bit the expected bullish scenario, calling for higher levels
CONCLUSION :
A FIRST BREAKOUT OF THE DOUBLE BOTTOM TRIGGER LEVEL @ 1'919 OCCURED YESTERDAY AND SHOULD BE CONFIRMED ON A WEEKLY CLOSING BASIS LATER ON TODAY.
A CONFIRMATION WOULD OPEN THE DOOR FOR THE TECHNICAL TARGET OF THE DOUBLE BOTTOM @ $ 2'161
IRONMAN8848 & Jean-Pierre Burki
관련 발행물
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.