GOLD - DCL printed
Updated
After a 81 bar long daily cycle we printed the DCL
on the 02.28.
The candle of the DCL was a key reversal also:
We saw how well worked the key reversal during the daily cycle decline a few days ago.
I expect the same now, just the other direction:
a rally is coming for 20-25 days before we start the move down into the next daily cycle low.
Price is above the 10 EMA and hopefully we close above that today.
During this DCL we just back tested the range between 1804 and 1825.
on the 02.28.
The candle of the DCL was a key reversal also:
We saw how well worked the key reversal during the daily cycle decline a few days ago.
I expect the same now, just the other direction:
a rally is coming for 20-25 days before we start the move down into the next daily cycle low.
Price is above the 10 EMA and hopefully we close above that today.
During this DCL we just back tested the range between 1804 and 1825.
Trade closed manually
Booking profits. FOMC next week.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.