My Gold outlook for today, if you have questions please ask them and if you take this trade let me know the results!
---------------------------------------------------------------------------------------------------------------------------------------------------------------------
Gold has been in a channel for the past weeks, it looks like it wants to break out of the channel if that's the case then i would advise to wait for a clear breakout followed by a pullback before you enter buys since it can also be a fake out. If it doesn't break out of the channel we can see it go down to the lower side of the channel.
There is no high impact news for today so we'll see how it goes.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------
Let me know your thoughts and please give a thumbs up if you like this idea and follow me for more ideas related to Gold and indices.
As always use good risk management. This isn't a sprint, it's a marathon.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------
Gold has been in a channel for the past weeks, it looks like it wants to break out of the channel if that's the case then i would advise to wait for a clear breakout followed by a pullback before you enter buys since it can also be a fake out. If it doesn't break out of the channel we can see it go down to the lower side of the channel.
There is no high impact news for today so we'll see how it goes.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------
Let me know your thoughts and please give a thumbs up if you like this idea and follow me for more ideas related to Gold and indices.
As always use good risk management. This isn't a sprint, it's a marathon.
Comment:
I'm going to wait for a pullback to 1913.40, which is also the 38.2 fib retracement before entering the trade.
Trade active