Gold's divergence from lows & a leap back to the high sky today?
https://www.tradingview.com/x/cD5H91uR/
As I now know that Cryptocurrency has broken upwards & out of its tight ranges, well for now at least as it's a very volatile beast, Crypto, & the whole lot of it; my focus has swapped to Gold and Silver prices and I see that both have upside potential of their own, especially during Tuesday Asian trading when I was watching both at the bottom of their 15m triangle patterns and both ended with dignity taking a leap upwards in price.
There are 15M Buy-order blocks that extend down to 2636.30 approximately, but I would not expect price to break-down that much more, given gold's general supremacy and standing in the world at present.
The Gold price has pretty much been in a slightly corrective and smallish price-range for the past 4 weeks. I think another leg-up might commence soon.
As I now know that Cryptocurrency has broken upwards & out of its tight ranges, well for now at least as it's a very volatile beast, Crypto, & the whole lot of it; my focus has swapped to Gold and Silver prices and I see that both have upside potential of their own, especially during Tuesday Asian trading when I was watching both at the bottom of their 15m triangle patterns and both ended with dignity taking a leap upwards in price.
There are 15M Buy-order blocks that extend down to 2636.30 approximately, but I would not expect price to break-down that much more, given gold's general supremacy and standing in the world at present.
The Gold price has pretty much been in a slightly corrective and smallish price-range for the past 4 weeks. I think another leg-up might commence soon.
Nota
Gold's 28% rise in 2024 below charted in Bollinger-bands
Trade ativo
A trade to Buy the Gold Price at current levels up to 2660.
(Big Bullish move up expected)
Stop Loss: 2646.90
Take Profit: Partial at 2670 & then ride price to Higher high.
Nota
2642.90 is the preferred Stop Loss Level. Both are quite tight but I am not sure that 2646.90 is enough room for sudden bursts down.Ordem cancelada
Price came down to test fair value gaps. See below for setup.Trade ativo
I will monitor this next zone for a setup. It's likely to be a stop loss down around 2636 and buying inside this Demand zone (buy block)
Trade ativo
Gold Price Pull-back Buy Orders 2676 to 2678 to take Gold to Higher highs beyond 2685.50.
Stop Loss 2672
TP: 2699 and beyond
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.
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.