UPDATE-We are Trailing our stop loss At $1540 hence locking our profit within the Gold Latest trading Position(Long entered at 1515). We would recommend our clients to do the same. We expect 2020 to be another year of significant volatility, uncertainty and Turbulence as there are numerous things which could affect the market this year.U.S-China trade war,...
Video does the talking. Key things to take away from this: $1586 is corresponding both with 38.2% and 1.61% levels as shown. It is a key level that GOLD will test. UpTrend is on for Gold. Day traders are long but longer term players might bet against the trend after a test above $1586. Take it easy team. If you want me to make videos like this on Stocks,...
Macro trend: - Yearly/Monthly: Bullish, just broken out of consolidation with higher lows - Weekly: Bullish, Just broken out of 6 week consolidation 2 ways to get in on a trend: - Wait for the retracement and buy the retest - Buy near the bottom of the consolidation Key levels outlined: 1) Last week Range High 2) H4 consolidation (Mark the top and bottom) 3)...
The first week of the month looks amazing and hope you all have a great week ..!!
This week could be very intresting and volatile week for #GOLD hope you all enjoy the video and great week for everyone.
GOLD - Position - Bearish - $1231