Lately the US Dollar has proven itself very strong and powerful over other currencies, dominating the markets. Though GOLD has found itself to get a good kick out of it and continue to rise, most likely as inflation rises and a recession being potentially imminent. People flock to GOLD as a safe haven. It's always the same!
Though a big push needs structure and we can see some big investors in gold starting to pull out and try to rebuy at a better price. That doesn't mean it wont continue up, if it does we will wait for an entry further up, but the our Volume on the daily for RSI is peaking and starting to drop through the moving average. Let's see how this plays out before hitting the trigger with anything.
We will be reactive and not predictive, these are some possible setup and scenarios for Swing trades.
Though a big push needs structure and we can see some big investors in gold starting to pull out and try to rebuy at a better price. That doesn't mean it wont continue up, if it does we will wait for an entry further up, but the our Volume on the daily for RSI is peaking and starting to drop through the moving average. Let's see how this plays out before hitting the trigger with anything.
We will be reactive and not predictive, these are some possible setup and scenarios for Swing trades.
Trade active:
Trade hit SELL STOP in! Trade already set to BREAKEVEN! FREE TRADE!
Trade closed: target reached:
TP1 HIT ON THE SELL.
WILL SEE WAHT PRICE DOES HERE!
WILL SEE WAHT PRICE DOES HERE!