GOLD: a nice move is overdue

2018년 7월 31일

Hi Guys, I am on holiday but I always keep an eye on this market. 1211.65 was touched 9 days ago and since then it is moving between 1220 and 1232. Today it tried for the third time to break the low but it only shadowed the morning star and yesterday candlestick made a green doji with long spikes which I think signify hesitation. I don't know if this is to be considered another bounce that will be stopped by resistence or something else but a nice move is overdue. After a period of indecision price has to make a choice. Support is holding but bears are still pushing down therefore stay alert.

Please note that I am not a professional trader and these are my personal ideas only.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Thank you for following and for sharing your ideas.

Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.

2018년 7월 31일

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This is US Dollar Index (DXY) which may help to determine which direction GOLD will follow:

2018년 7월 31일

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This is the weekly chart of the precious metal and today is Wednesday:

2018년 7월 31일

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And this is the month just ended:

2018년 8월 1일

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DXY again but weekly chart:

2018년 8월 5일

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investing.com/analysis/gold-stocks-autumn-rally-3-200336164

2018년 8월 5일

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kitco.com/news/2018-07-15/Gold-Bottom-Is-Near-1-400-Coming-In-2019-ABN-Amro.html

2018년 8월 5일

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cnbc.com/2018/07/31/cramers-charts-suggest-gold-could-be-nearing-a-bottom.html