WPM Long idea with fundamentally and technically supported
The overall fundamental idea is the demand for materials, commodities, especially GOLD in this monetar-political cycle. As we know: keeping GOLD is good conpensation against inflation.
Technical picture:
RSI <40 means: oversold
This is also suppported with a counter trend break. Also the 36 $ is strong support line.
Entry: 38 $
Stoploss: 34 $
Target: 53 $
RR: 4:1
The overall fundamental idea is the demand for materials, commodities, especially GOLD in this monetar-political cycle. As we know: keeping GOLD is good conpensation against inflation.
Technical picture:
RSI <40 means: oversold
This is also suppported with a counter trend break. Also the 36 $ is strong support line.
Entry: 38 $
Stoploss: 34 $
Target: 53 $
RR: 4:1
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