breakoutfakeout

Buy gold bull flag daily charts and buy silver

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Hopefully you will of already bought gold last Friday with the major dip down to weekly support again at 1860. If you haven't there is still time.

We are currently trading inside a giant bull flag and I expect prices to move up to test a breakout of the flag over the next few weeks. Stop loss at 1855.

Further we had a nice inverse head and shoulders break today on gold on the hourly charts to further hammer in the bottom of this pattern. A great time to buy


Pattern has also been replicated on silver hourly chart so it looks as though metals are very much in favour again


Buy and hold both
Trade closed manually:
Able to take some nice profits on the way up but once the low was taken out the overall long term trade is now invalidated. Those pesky bond yields have destroyed everything but the dollar...

About me: I'm a retail day trader (trading since 1993). Most ideas here are for short time frames and become profitable quickly. I take profits fast as things change fast. 1-2-1 mentoring sessions available.




Telegram coming soon.
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