rbwilkinson2

OpenFX H1 Gold Strategy - 2021.02.8-12

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Utilising some form of Elliot Wave and a rather dynamic uptrend. I employ non-objective decision making here. I am biased for Strong Gold. Gold could seek deeper levels but it will move with little resistance to the upside.
The 200MA wants nothing more than to sit under Gold on the H1 and H4. Poised to be a money maker on the strong ups and consistent downs.
As the dollar continues to weaken against other major currencies and with the extreme volatility in CryptoCoin markets, Gold will continue to be a safe haven with strong yet more near-predictable movements.
Day traders sit in anticipation of those seeking safety in our favourite metal.
You could still lose your shirt with my analysis. Trade and tread carefully.
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