GOLD: The Bigger Picture
Gold currently sits inside a triangle with a 0° horizontal top (super bullish).
Two interesting things to point out here:
1. The formation was entered (point 'A') with an inverted 'partial decline' (imagine the chart flipped around by 180°). This means that the formation can end without a "partial" anything... it can simply go from point 4 to point 5 and continue without pressure to point 'B'.
2. It's rare to see such perfect proportions between peaks and valleys, especially within a triangle on the monthly chart. The better the proportions of 'empty spaces', the easier it is to foresee the ending of a formation.
Note: Zoom out to see a broader view of the situation.
Two interesting things to point out here:
1. The formation was entered (point 'A') with an inverted 'partial decline' (imagine the chart flipped around by 180°). This means that the formation can end without a "partial" anything... it can simply go from point 4 to point 5 and continue without pressure to point 'B'.
2. It's rare to see such perfect proportions between peaks and valleys, especially within a triangle on the monthly chart. The better the proportions of 'empty spaces', the easier it is to foresee the ending of a formation.
Note: Zoom out to see a broader view of the situation.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.