Short

XAU/USD BULL RUN! ABOUT TO TAKE OFF!

Updated

If you are looking for something different and potentially an easy and quick winner Gold is back on the Bull run.

After a solid run up it has retraced and bounced off 1306.65 (The Black Line) and the 50 EMA (The Red line). This is a classic bounce area. Gold can be brought now around 1330, with a Stop loss under the last bar around 1320, and a target of 1355.

If you are going to make dollars your decisions need to make sense. This is a quick in and out trade.

I have no buy and hold positions on Gold and wont be taking any while I am giving my thoughts on it. I will trade it, and if you follow me you can to.

Lets make more dollars from common sense trades.

Note

I hope everyone is enjoying their profits on this trade.

Note

Gold has had a very nice movement yesterday in the suggested direction and hit out targets.

I hope that people have banked some profits off this trade, i certainly did as we are here to trade.

Trade closed: target reached

I have just sold my position here I am going to close this trade.

I am not saying you have to sell but my targets are reached.

I hope you enjoyed, I will be posting many more profitable trade ideas.

Note

Looks like our target was accurate again

Note

This was a nice little trade, if you would like us to have another look at gold jus let is know.

DollarsAndSense

Also on:

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.