POHKONG price still in ranging while having possibility forming a triangle pattern.
Note _ There is increase of buyer coming in . Suggestion on the chart
Weakening of USD, rising of Gold. Jeweler and Retailers on rise.
After a steep rise earlier this year, Pohkong has retreated and consolidated forming a strong support while testing resistance a few times. Today after touching Gann Line, it has broken out from the Ichimoku cloud with high volume. If gold prices continue its trend, supported with strong current and future earning we can expect Pohkong to start an uptrend to form a cup
A little bit on FA - Are we going to see A FOMO in the market on GOLD - The market sentiment on economic recovery, But bitcoin has reaches its All time high and gold shows a good buyer pressure - 2021 will be a year where many will so-called buy into gold to hedge against the currency inflation Weekly shows XAUUSD a good buy signal as bullish trend tends to...
POHKONG has broken and closed above its trendline and now needs to either shoot higher or consolidate its position above there before soaring. A break back below the trendline would suggest a fake breakout, but until then, like Gold , the bulls are in charge.
Expected to breakout middle band 1.06-1.07 Volume start to increase Inverted hammer pattern
Who still want to ride the roller coaster?
Any input @ feedback for me to improves in drawing the chart and writing down my trading plan is really appreciated. Btw, be nice please.. Thank you and have a great trading
Any input @ feedback for me to improves in drawing the chart and writing down my trading plan is really appreciated. Btw, be nice please.. Thank you and have a great trading