TVC:GOLD   الذهب (دولار أمريكي/أونصة)
It seems that GOLD might have made its low.

-Price turned 200EMA back to support (red moving average)
-Showing rising demand on the three lows I marked, and last one is the highest (rising demand).
-RSI break?

(White arrow)
When/If this lower high is broken then the price structure changes from lower highs to first time making higher high since may. Which gives me more conviction for a trend change. (ofc price has to stay on top of this level for keeping this valid)

The higher low break on 200EMA works as stop loss for me

I have around 2.5% of my net worth on Gold/Silver. I'm planning to make it bigger cause Gold will possibly run around 2.5k-3.5 in 2-3 years, and silver $50-$100
Good investment for years to come as quantitive easing etc will keep going harder than ever..



Check out my june BTC Dominance analysis here which hit spot on! :)
ETH -16%, BNB -30%, ADA -33% against BTC since that call

If you are starting out trading "post about great mentors I follow and respect" here



1st mistake novice traders do is that they don't use stop losses, doesn't calculate their RIsk/Rewards and gets their ass burned cause of that.
Always use them!



-PalenTrade


إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.