Gold with Weekly PG and breakout

in gold •  6 years ago 

Gold has once again conjured up a PG on a weekly basis.
Trigger mark upper side: 1448$
Trigger mark underside: 1401$
With the opening today, we have already overcome the upper trigger mark.
First cautious entries on the long side can be made.
All defensive traders will have to wait for the weekly closing price to trade a confirmed breakout.

On the large monthly chart we have a breakout formation that breaks out of a range/key.

The target on the top would be the $1550 level.

Gold hat mal wieder eine PG auf Wochenbasis gezaubert.
Triggermarke Oberseite: 1448$
Triggermarke Unterseite: 1401$
Mit der Eröffnung heute, haben wir die obere Triggermarke schon überwunden.
Erste vorsichtige Einstiege auf der Longseite können also getätigt werden.
Alle defensiven Trader müssen auf den Wochenschlusskurs warten, um einen bestätigten Ausbruch zu handeln.

Auf dem großen Monatschart haben wir eine Ausbruchsformation , die aus einer Range/Keil ausbricht.

Das Ziel auf der Oberseite wäre die 1550$ Marke.

Weekly:
Gold weekly.PNG
Monthly:
gold monthly.PNG

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Legal Disclaimer: I am not a financial advisor
nor is any content in this article presented
as financial advice. Never invest more
than what you can afford to lose.
This post is my personal opinion,
do your own research before making any investment decisions.
If you make any trades after reading this post,
it is completely in your responsibility.
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