Seeing this week COT results + Stimulus news and US government threatening to shut down if Americans do not receive a support package + Brexit talk extension or no deal + China's festive season and gold rush = recipe for a massive bull run before Christmas!
Now will forex and especially Gold things can definitely change drastically over the next couple of days, nothing is certain, but there is a high probability of it doing so. We have a beautiful rejection of 0.5 fib and 0.382 closing above 0.382 on the daily chart which means retracement period is over.
on the lower time frame we can see strong consolidation and forming of higher highs and higher lows, showing increase in demand of gold. Now there might be one final push down very quickly to stop retail traders out and I can anticipate Gold sky rocketing up.
What are your thoughts on Gold?
Now will forex and especially Gold things can definitely change drastically over the next couple of days, nothing is certain, but there is a high probability of it doing so. We have a beautiful rejection of 0.5 fib and 0.382 closing above 0.382 on the daily chart which means retracement period is over.
on the lower time frame we can see strong consolidation and forming of higher highs and higher lows, showing increase in demand of gold. Now there might be one final push down very quickly to stop retail traders out and I can anticipate Gold sky rocketing up.
What are your thoughts on Gold?
Comment:
Took the trade at 1820, after seeing the downside move was limited and it was all about the stop hunt, the gold price sky rocketed since then and will continue to get higher.
Comment:
As expected, amazing!