#gold - Update on 3D, 22-02-20
Hi guys,
first of all I hope you are alright and enjoy your weekend.
It´s time for some updates on 3D, since alot of targets (S/R´s) have been hit during this week on quite a few assets.
Starting with Gold we can see, that the uptrend is stable and the breakout above the formerly mentioned key-level worked out nicely. Shortly
there was a bearish PSAR flip, which resolved by now and pushed Gold even above the Yearly R1.
I have placed two important trendlines for you as well, as usual, the new targets for Gold above the price as resistances and below, if leadline breaks.
Stops from mid- to long-term trades likely sit below the Yearly Pivot now. Which gives us a clue, where a possible consolidation might head, if initiated by a harsh decline at one of the targets.
Uptrend is adult.
Above Cloud.
Above all three MA´s.
PSAR bullish.
Still please don´t forget, that all trends correct or take a breath at one point.
Happy trading,
Neru
first of all I hope you are alright and enjoy your weekend.
It´s time for some updates on 3D, since alot of targets (S/R´s) have been hit during this week on quite a few assets.
Starting with Gold we can see, that the uptrend is stable and the breakout above the formerly mentioned key-level worked out nicely. Shortly
there was a bearish PSAR flip, which resolved by now and pushed Gold even above the Yearly R1.
I have placed two important trendlines for you as well, as usual, the new targets for Gold above the price as resistances and below, if leadline breaks.
Stops from mid- to long-term trades likely sit below the Yearly Pivot now. Which gives us a clue, where a possible consolidation might head, if initiated by a harsh decline at one of the targets.
Uptrend is adult.
Above Cloud.
Above all three MA´s.
PSAR bullish.
Still please don´t forget, that all trends correct or take a breath at one point.
Happy trading,
Neru
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