josephdahrieh

Complicated Gold Scenario

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold might be preparing for a complex corrective wave that means the buying area will be near 1740/1748 levels.
don't get me wrong this scenario might not happen and we might see a surge in gold from current levels but you need to calculate the risks of a possible pullback.
1856 is a medium term target with current uncertainty in the capital markets- inflation- stagflation and earnings season.

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