MRFXGuy

Expect gold to reach the 2000s before a huge pull back

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Following Biden's win earlier today It seems like the DXY will extend it's losses further and as a result more demand for the safe haven Gold . Price is breaking out the bearish trend forming a double bottom at 1850. This week Gold will make some big moves so be prepared!
Comment: managed to close the trade at 1937.285 so i broke even, feel as though we can see gold rise again now

Comments

Ouch.
+5 Reply
MRFXGuy Bramley
@Bramley, I managed to get out risk free dont worry :) but i think now it will reach 2000
Reply
That was a Bearish Gartley Pattern at that DOUBLE BOTTOM...It crashed from that point tho is rising gradually as we speak.
+2 Reply
LQ GRAB before pushing up!!
+1 Reply
Okay.....
+1 Reply
well that didn't go as planned lol
Reply
I think price will get to 1800-1750 level and then shoot up.
Reply
MRFXGuy hanif89
@hanif89, interesting, for me i feel like it will shoot up now
+1 Reply
bought gold around 1866 still looking for it to reach atleast 1965
Reply
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