Is gold rise a bull trap or bull run?
image used is own by me.
Some analyst are skeptical about this current upward movement of gold . They don't know whether to go long or short base on their different perspective about market behavior.
However, According to Elliot wave principle, gold has just started it's 5th wave impulsive wave after the 4th wave finished at exactly the bottom of the channel line which is in agreement with trend line analytical technique .
Looking at the diagram above, you will understand that buying position is much favoured than selling position.
What do you think about this current upward movement of gold?
Hi @steemfirst,
You have not disclosed the copyright ownership and license details of the image you are using.
In addition, your question, "Is gold rise a bull trap or bull run?" is a closed-ended question.
Please change it to an open-ended question and provide copyright information immediately, but not later than 24 hours from this notice, failing which we will mute this post.
I know longer understand this community. I will do my analysis on mt4 or trading view and screen short it .what is wrong about it ? How did that act lead to copy write infringement ?
Commodities prices are always cyclical after the "COBWEB" phenomenon. Thus current BULL RUN is bound to be temporary!!