GOLD - Multi Time Frame Analysis Fundamentally - Bullish

28 thg 3, 2020

First of all I have looked into short time frame between 1h to 4h considering technicals. With the technicals I have found gold is showing up some bullish structure.

Lets take a look into COT data now, Considering changes from 17th March Showing 523+ towards longs and -5927 towards Shorts. Which means selling pressure has reduced in a huge amount

28 thg 3, 2020

Ghi chú

28 thg 3, 2020

Ghi chú

15 mins Structure showing an descending triangle in position supporting bulls

28 thg 3, 2020

Ghi chú

28 thg 3, 2020

Ghi chú

Daily chart with a rising wedge but price is running with a reduced bear pressure for few days. And also Dollar Index showed up weak move