In my earlier posts I said that Gold has the potential to reach the U-MLH, which has become true.
Up there, the price of Gold is stretched. Yes it can go up even more beyond the Upper-Medianline-Parallel. But the overall numbers of occurrences are small.
So, at this natural stretch, price has a high probability to revert to the mean. And this is supported by the fact, that the overall indexes are heavenly oversold and already showing the signs of a pullback to the North (see my last NQ post).
Why not just watch how it plays out, and make a decision for a trade after the FOMC, or even tomorrow. Don't rush into these unknowing situations. Be patient and wait for clear signs to take action.
Up there, the price of Gold is stretched. Yes it can go up even more beyond the Upper-Medianline-Parallel. But the overall numbers of occurrences are small.
So, at this natural stretch, price has a high probability to revert to the mean. And this is supported by the fact, that the overall indexes are heavenly oversold and already showing the signs of a pullback to the North (see my last NQ post).
Why not just watch how it plays out, and make a decision for a trade after the FOMC, or even tomorrow. Don't rush into these unknowing situations. Be patient and wait for clear signs to take action.
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Publicações relacionadas
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.