Gold FuturesLong
Gold’s Next Move: Upward Momentum Building at Key Support
Gold is reacting exceptionally well to the Fork.
It has not opened and closed below the L-MLH within a single bar, which eliminates any immediate downside expectations.
Instead, we observe a condensed, slanted trading range or coil, indicating that price is being gradually pressed to the upside.
In my previous post about Gold, I anticipated a rocket-like breakout. Since then, price has simply moved down to the L-MLH, finding support there. This price action, coupled with the ongoing upward pressure, confirms my analysis—albeit slightly delayed.
As NQ and S&P approach their respective targets, as outlined in my other analysis, I expect Gold to start moving upward, with targets at the CL and U-MLH.
It has not opened and closed below the L-MLH within a single bar, which eliminates any immediate downside expectations.
Instead, we observe a condensed, slanted trading range or coil, indicating that price is being gradually pressed to the upside.
In my previous post about Gold, I anticipated a rocket-like breakout. Since then, price has simply moved down to the L-MLH, finding support there. This price action, coupled with the ongoing upward pressure, confirms my analysis—albeit slightly delayed.
As NQ and S&P approach their respective targets, as outlined in my other analysis, I expect Gold to start moving upward, with targets at the CL and U-MLH.
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.