Is Gold Ready to Continue its Long-term Upward Trend? [Video]

Rob Colville The Lazy Trader

In this video, we discuss our technical argument for a long-term buy for Gold on the daily timeframe, as a trend continuation. According to our analysis, Gold is currently in a "buy zone" thanks to Monday's rejection of a "Fibonacci cluster" (the 0.618 and 0.50 Fibinacci Retracement levels), in addition to an ABCD completion. The false breakout on the hourly timeframe throughout Monday's trading day caused it to close as a bullish pin bar and this has helped to punctuate our bullish bias for long-term bullish momentum.

Author

Rob Colville

The Lazy Trader

The self-styled “Lazy Trader” has trained thousands of private investors around the globe and has created a globally renowned currency training brand, The Lazy Trader.

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