Bullish trend to continue
מעודכן
Monthly and weekly R4 roof (last week) breakouts.
Last week´s R4 breakout continue the next week usually.
Price pulled back to weekly pivot (as it usually does)
and hit weekly reversal level S3.
DM breakout projection (using daily chart ) sends price to weekly R5.
PS Gold is a class of its own. It trends differently from other commodities ( oil , copper ).
Huge demand for gold in times of covid crisis. I would not expect any big bearish sell offs now.
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For educational purposes only.
Last week´s R4 breakout continue the next week usually.
Price pulled back to weekly pivot (as it usually does)
and hit weekly reversal level S3.
DM breakout projection (using daily chart ) sends price to weekly R5.
PS Gold is a class of its own. It trends differently from other commodities ( oil , copper ).
Huge demand for gold in times of covid crisis. I would not expect any big bearish sell offs now.
----------
For educational purposes only.
עסקה פעילה
For DeMark breakout projection (on daily chart) I used a rather conservative one - from a shadow of a candle with the lowest close below the trendline as that one works 90 percent of times. The classic DeMark projection 1 from the lowest shadow below the trendline works in 60 percent of cases.
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.