Premier_FX

BUY BUY BUY BUY BUY BUY BUY

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is at a very good point for buy trades, as we can see i have a very strong level (1811) marked on my chart, this level has been used as very strong support and resistance before and i have a strong trendline marked on where price is currently making its 3rd push down to touch! These 2 levels line up perfectly so for me i can only see upside moves coming this week.

Line that up with the stock market having a fall and also Bitcoin falling heavily i can see investors jumping back into "safe assets" such as gold and silver .

I will be waiting to see where markets open tonight and if there are no considerable market gaps then i will be adding buy positions.

Hope you can use this analysis to your advantage, remember only take trades based on my analysis if your analysis also lines up.

Comments