GOLD/USD - Descending Triangle ( Bullish or Bearish Outcome)
Good morning Traders ☕️
As we saw with the BTC/USD and Forex market the same counts for gold, the market is uncertain. This is due to war, inflation and some other factors slowing the bulls down. GOLD is no exception to this, we could potentially see either a bullish or bearish out break coming very soon. This break out will hopefully be upwards and this could spark a run to all time hime high on both gold and bitcoin.
Regardless I will be on the charts within these uncertain times, and I advise everyone to stay on the charts when they trade. It is imperative that you allow yourself to see shifts in the market.
Best of luck with your trading journey ❤️ and remember to follow the big 5 rules:
1.) Never enter a trade without a profit target and a stop loss.
2.) Always use multiple indicators to confirm a trade.
3.) Don't be greedy.
4.) If you lose take the day off and come back tomorrow.
5.) Do your own due diligence and analysis (market, technical and fundamental)
As we saw with the BTC/USD and Forex market the same counts for gold, the market is uncertain. This is due to war, inflation and some other factors slowing the bulls down. GOLD is no exception to this, we could potentially see either a bullish or bearish out break coming very soon. This break out will hopefully be upwards and this could spark a run to all time hime high on both gold and bitcoin.
Regardless I will be on the charts within these uncertain times, and I advise everyone to stay on the charts when they trade. It is imperative that you allow yourself to see shifts in the market.
Best of luck with your trading journey ❤️ and remember to follow the big 5 rules:
1.) Never enter a trade without a profit target and a stop loss.
2.) Always use multiple indicators to confirm a trade.
3.) Don't be greedy.
4.) If you lose take the day off and come back tomorrow.
5.) Do your own due diligence and analysis (market, technical and fundamental)
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