Gold Futures
Long

GOLD Plan Your Trade For 8-7 : Huge Dual-Leg Rally Setup $2550+

56
Gold is setting up a unique dual-leg rally phase, and traders need to be aware of this before the move is complete.

The recent panic setoff by the BOJ unsettled the markets - including Gold.

The Yen Carry-trade unwound over the past 5+ days - resulting in a very consolidated downward price trend in Gold.

I believe Gold is about to make two very big moves to the upside.

The first move will be quick. Probably lasting only 2 or 3 days.

The second move may be a bit longer, but it has the ability to rally well above $2550 as Gold reverts higher.

Please pay attention to this video if you follow Gold. Gold as a hedge is one thing. This move is related to the reversion pressure and the protection of currency devaluation after the past 3+ weeks of global decoupling.

I believe this next rally in gold will be explosive (min upside target $2550 or higher).

Get some.

#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold

Disclaimer

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.