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Gold technical analysis: identifying bullish divergence on weekly and daily charts. From WARNING! MASSIVE BITCOIN SHORT Before FOMC | $60K Next or Massive Reversal? · jumps to 51:53 · speech
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▶ Open at 51:53 on YouTube speech
What happens in this moment nice, we do have a nice low here on gold. Are we actually have a nice low? Because, well, we're back down toward the bottom of this sideways range, right? We're pretty much toward the bottom here. When it comes to the weekly levels, I'm not talking about the wicks, but the candle body closes, we have come down to the bottom. And we have a bullish divergence on the weekly here. All right, if we're going by candle bodies, not by the wicks, we have the price on the weekly is getting lower, and the momentum on the weekly is getting higher, right? And if we go down to the daily, what do we see? The same thing, right? We see in general bullish divergences here as the price is getting lower, we're seeing momentum starting to get higher, even right here locally, we have a bullish div. And this is a higher low that we've made right here. Okay, so we have made our first higher low. Internally, this is locally, I mean, this, this whole thing could be like just one leg down, right? There is a case to be made for a long from around this area here. All right, now the better long trade on gold and a beautiful opportunity would be if we actually did come down and take out this low from $3,878.40.
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