Bullish momentum seems to be holding up for GU & price action looks like it is getting ready to break above the current trendline, which'll indicate market is ready for further upside.
Price compression within Wave IV to V is getting tighter, so if DXY weakens this week, it'll support further GU upside.
Price compression within Wave IV to V is getting tighter, so if DXY weakens this week, it'll support further GU upside.
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Since my update on GU since last night, price action has moved as I called it! Price has broken above the trendline, with a strong 4H bullish candle. Further indication that market is now in a bullish structure.Wave 1 (5 Sub-Waves) complete. Now time for a move up towards Wave 2!
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TELEGRAM - @XTBCAPITAL
t.me/XTBCAPITAL
goldvaultacademy.net
Instagram: @GoldVault_Academy
t.me/XTBCAPITAL
goldvaultacademy.net
Instagram: @GoldVault_Academy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.