Hi Traders, here is my analysis for a potential on a Gold sell before we get the bull run. My overall bull target still remains at 1700, but I feel we will get a push down first before the long.Do you agree?
@jrichens, excellent! I have been speaking with an ex analyst of a investment bank (Now full time trader too) who mentioned he feels Gold to reach 1410! Hmm.. As long as the talks with Trump and China keep as active as they are, this should definitely be short for now either way. Let's get in at discount and hold that bull run after the correction! ;)
@Bradmerry, Indeed. We all know Gold is a safe haven asset. And as long as people are feeling safe in the markets, Gold will trickle on down, but the next move down I think will be quite big! 1410 possible, but with Brexit still having a likely hood of a no deal, that could mess with the markets a tad and push Gold back up a bit. Oil on the rise due to this time of the year too will help bring up the markets a bit too.
@jrichens, it’s a bit of a tough one! Definitely Caught me off Guard. I’m going to wait for the weekly candle to close and see it’s true intention.. I shall post my analysis for Gold Sunday evening/Monday! :)
@jrichens, how’s the fundamentals looking today, or are we basing on technical analysis? It’s been a crazy week that’s for sure. I haven’t opened a chart today.. just having some down time today, but will be back and fresh next week!