Trumps really f#@ked up this time

OANDA:XAUUSD   Gold Spot / U.S. Dollar
After Fridays bullish run pushed price through the roof because of worse than expected NFP results and the weakening stock market and US economy we can see price smashing rite through our next possible resistance of 1304.301 and making a run up to our green zone.

Its because of the panic in the US economy,US30 and stock market that buyers rushed to gold as a safe haven, and we cant really see an end to this panic, we expect price to keep rising at market open, possible with a bullish market gap.

If you are trading gold though please use correct risk management and a conservative SL.

Trump really has fucked up this time.


Lovely post! Mind the mods though. Your assessment is honest and based on evidence. Thank you!
+1 Reply
ApexFX_Pro Captain_Walker
@Captain_Walker, Thanks mate :)