GOLD (Y19.P2.E5).Macro.BullishPlayingOut

26 ธ.ค. 2019

Many countries have been accumulating gold, China, Russia, Germany, Turkey, etc

Observations:
On the weekly >
One can see from the chart a bullish formation has taking place in the form of a cup or cup and handle or Inv. H&S.

On the daily >
Downward wedge with a breakout in progress.




Note:
There has been many discussions how people have linked the price moment of Gold equating to the same for BTC.
It stands to reason that the similarities are due to both being anti fiat and storage of wealth.

28 ธ.ค. 2019

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4 HRLY chart, gold progress

2 ม.ค. 2020

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4 ม.ค. 2020

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8 ม.ค. 2020

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Still active. Today a bit of a reject. Let see how it effect the price in the next few days