From 1850 to 1990$ - the GOLD is getting more interesting. I will be adding up more if the resistance is taken off and the price follows through.
GOLD https://t.co/l6pEGDpAkL
Most interesting chart:
— The_Chartist \U0001f4c8 (@charts_zone) February 12, 2022
Orange line = Gold
Blue Curve = Gold/S&P 500
Previously the ratio crossed 50 days MA in Feb' 20 with Gold giving a breakout on the charts. The previous cross of 50 days MA didn't result in gold breaking out. pic.twitter.com/HRG1fvsILp
More from The_Chartist ๐
Russell 2000
It is better if you spend considerable time learning these concepts. https://t.co/caBHOO4Owa
TRAPS? In a false breakout, the price breaks out of the range & comes back within the range. A trap is one step ahead, price not only comes back within the range but breaks down in the opposite direction. It traps the initial longs who didn't close their positions
— The_Chartist \U0001f4c8 (@charts_zone) January 22, 2022
Russell 2000 pic.twitter.com/txzjdnStzc
More from Gold
Result?
1850$ to 2070$
Updated chart https://t.co/l6pEGD7r6D
Most interesting chart:
— The_Chartist \U0001f4c8 (@charts_zone) February 12, 2022
Orange line = Gold
Blue Curve = Gold/S&P 500
Previously the ratio crossed 50 days MA in Feb' 20 with Gold giving a breakout on the charts. The previous cross of 50 days MA didn't result in gold breaking out. pic.twitter.com/HRG1fvsILp