GOLD: Preparation for the week! Looks very BULLISH!Opportunity
Hey tradomaniacs,
welcome to the weekly outlook of GOLD.
Overall we still see a correction between two very important price-levels.
We can consider that the market does continue the rally unless the stock-market climbs aswell.
Sentiment:
What we`ve seen is a changing cash-flow out of Gold into the stockmarket even though the volume is very very low.
This almost flat-type-correction in form of a falling wedge which retraced almost 38,2% of the impulse is actually a joke compared the price-run of indicies such as SPX500.
But still... we see very low volume and probably a fake-rally.
Anything else I want to say is shown in the chart!
What do you think will happen?
Have a great start into the week! :-)
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
welcome to the weekly outlook of GOLD.
Overall we still see a correction between two very important price-levels.
We can consider that the market does continue the rally unless the stock-market climbs aswell.
Sentiment:
What we`ve seen is a changing cash-flow out of Gold into the stockmarket even though the volume is very very low.
This almost flat-type-correction in form of a falling wedge which retraced almost 38,2% of the impulse is actually a joke compared the price-run of indicies such as SPX500.
But still... we see very low volume and probably a fake-rally.
Anything else I want to say is shown in the chart!
What do you think will happen?
Have a great start into the week! :-)
-----------------------------------------------------------------------------
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
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