As the past have shown us over and over again, in terms of crisis, commodities such as gold , energy or petrol tend to have much more demand than the rest. Because of this, their prices tend go raise exponentially compared to normal times.
I believe at the moment, due to the Ukraine and Russia situation, there is a big long opportunity for assets like gold or oil .
Key points for this scenario Long entry TAKE PROFIT 1 on 130 TAKE PROFIT 2 on 150 TAKE PROFIT 3 on 160
STOP LOSS 113 - last ath level STOP LOSS 99 - psychological level
RISK REWARD RATIO : For 1 $ lost we have the possibility of making 1/1.5/2$
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.