Cup and Handle formed on Gold recently.
We had a break above the brim level.
Now we are having some kind of retracement, for Smart Money to pick up orders before heading on up.
7>21>200
Price>200
RSI>50
Target
2,351
SMC:
Sell Side Liquidity order block is just below the handle of the C&H.
This is also where the powerful 200MA is.
When the price came down, Smart Money swept the liquidity of selling (bought into them) and hence the price shot up.
I am still very much bullish with Gold - Until further notice.
We had a break above the brim level.
Now we are having some kind of retracement, for Smart Money to pick up orders before heading on up.
7>21>200
Price>200
RSI>50
Target
SMC:
Sell Side Liquidity order block is just below the handle of the C&H.
This is also where the powerful 200MA is.
When the price came down, Smart Money swept the liquidity of selling (bought into them) and hence the price shot up.
I am still very much bullish with Gold - Until further notice.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.