Gold Spot USD 1W
It appears that Gold paired with USD may be staring a parabolic move, similar to that of Bitcoin, possibly fueled by the current US Trade wars, uncertainty in the stock market and news of possible interest rate cuts by the feds by end of year.
The Spectro Oscillator, which is part of Spectro M on the main chart, is indicating momentum still rising at a steep slope, while Spectro O shows us voume still rising at the top of the Murrey range. The wick on the most recent candle is showing intraday pullback.
There may be entry on lower time frames, but keep in mind adequate stops in the case of a violent correction.
Analysis by AlchemistLA
The Spectro Oscillator, which is part of Spectro M on the main chart, is indicating momentum still rising at a steep slope, while Spectro O shows us voume still rising at the top of the Murrey range. The wick on the most recent candle is showing intraday pullback.
There may be entry on lower time frames, but keep in mind adequate stops in the case of a violent correction.
Analysis by AlchemistLA
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