My answer is definitely a Yes! But why many say no. It is because they are looking at Gold from a very microscopic view; into its day-to-day to week-to-week movement. But if we analyse Gold from a macro perspective, we will able to appreciate Gold better, that it is still an inflationary hedge asset.
And from today’s case study, we will also learn why it is time...
Trade for Gold (S3):
- Rising Wedge Breakdown with Exhaustion Gap and Re-Test of Wedge.
- Fell into descending ML Channel with confirmation.
- 2N Frequency SL yields:
2150+ Ticks PT
3.4 R/R
GLHF
- DPT
Gold can move up to the Resistance Zone and show to us a correction movement after.
There are no clear levels here and entry points.
So it's better to wait now.
Dear followers, the best "Thank you" will be your likes and comments!
Before to trade my ideas make your own analysis.
Thanks for your support!
