THIS IS NOT A TRADING ADVICE!!!
Fundamentally, I expect that China will wait to see the chance of Trump in presidential elections that is why I do not expect them to agree on trade now.
Technically, I have the following reasons to be bullish.
Starting from 1953 low, movement seems to be an impulsive wave 12345, we are currently ending wave 4 and starting wave 5.
https://fxtop.com/en/historical-exchange-rates.php?A=1&C1=XAU&C2=USD&DD1=01&MM1=01&YYYY1=1953&B=1&P=&I=1&DD2=07&MM2=08&YYYY2=2019&btnOK=Go%21
Monthly chart
Pitchfork at logarithmic scale
Finalization of wave 4 has not been confirmed yet, but based on timescale and momentum, I believe that wave 5 has started with two possible targets marked on the chart.
Fundamentally, I expect that China will wait to see the chance of Trump in presidential elections that is why I do not expect them to agree on trade now.
Technically, I have the following reasons to be bullish.
Starting from 1953 low, movement seems to be an impulsive wave 12345, we are currently ending wave 4 and starting wave 5.
https://fxtop.com/en/historical-exchange-rates.php?A=1&C1=XAU&C2=USD&DD1=01&MM1=01&YYYY1=1953&B=1&P=&I=1&DD2=07&MM2=08&YYYY2=2019&btnOK=Go%21
Monthly chart
Pitchfork at logarithmic scale
Finalization of wave 4 has not been confirmed yet, but based on timescale and momentum, I believe that wave 5 has started with two possible targets marked on the chart.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.