GOLD - Break Out Is Under Way
Updated
Gold seems to be ready to break out and go to our target 1820-1830.
First, it breaks downtrendline. Secondy, it breaks the neckline of the inverted head & shoulders pattern.
1740-1750 is buy zone if gold backtracks there.
1820-1830 is our target for this month.
All are invalid under 1720.
First, it breaks downtrendline. Secondy, it breaks the neckline of the inverted head & shoulders pattern.
1740-1750 is buy zone if gold backtracks there.
1820-1830 is our target for this month.
All are invalid under 1720.
Note
Everything is in order. Gold should reach 1795-1800 soon then might pull back a little. Once gold breaks 1800, investors will jump in to buy gold like crazy.Note
Took profit for half posy @1795Trade active
added half posy back @1760. Let's ride this bull till 1820.Trade closed: target reached
Took profit full posy @ 1820. It was a good swing trade. Great return.
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