Gold is on the rise
Cập nhật
Hey!
I just quickly want to recap what might be happening on GLD now!
The two red lines are support 'areas' that I use to predict possible changes in the price.
If price does break out, I can easily see it going to the previous high - 1263 - with a stop at 1257.
I just quickly want to recap what might be happening on GLD now!
- It is forming a very often seen breakout formation.
- While I'm speaking it's already moving higher.
- I believe that if the white box is left, it's a good place to buy.
The two red lines are support 'areas' that I use to predict possible changes in the price.
If price does break out, I can easily see it going to the previous high - 1263 - with a stop at 1257.
Ghi chú
We are getting closer to the upside of the white box. Watch out.Ghi chú
AND THE BREAKOUT HAPPENED! Let's see if we reach the targets.Ghi chú
1256-1257 is the first target before 1263Ghi chú
Once again, the prediction was correct. First target was hit.Ghi chú
Now we're track on to hit the second target.
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