GOLD POSSIBLE MOVEMENT
Updated
SHORT TERM
Gold now become very risky to trade. But for the short term movement, the bullish now take over the battle. I will find a buy setup around 1459.900 and TP around 1480. Dont hold position too long for gold until we see a clear trend and a clear trade deal decision. For now it might be overwhelming.
BUY OPPORTUNITY : 1459.900
TP : 1480.000
LONG TERM
Please take note that President Trump has a very big decision to make about the December 15 tariffs. His options are to impose, delay or suspend the next tranche and while Trump signed the HK bill in support of protestors, i believe that the next round of tariffs won’t happen in December. His history of take and give along with his recent comments that a trade deal is close suggests that the tariffs will be delayed next month. If delayed happen, gold will climb to 1515.
But if no delayed happen, gold might drop to 1420.
BUY TARGET : 1515.000
SELL TARGET : 1420.000
Gold now become very risky to trade. But for the short term movement, the bullish now take over the battle. I will find a buy setup around 1459.900 and TP around 1480. Dont hold position too long for gold until we see a clear trend and a clear trade deal decision. For now it might be overwhelming.
BUY OPPORTUNITY : 1459.900
TP : 1480.000
LONG TERM
Please take note that President Trump has a very big decision to make about the December 15 tariffs. His options are to impose, delay or suspend the next tranche and while Trump signed the HK bill in support of protestors, i believe that the next round of tariffs won’t happen in December. His history of take and give along with his recent comments that a trade deal is close suggests that the tariffs will be delayed next month. If delayed happen, gold will climb to 1515.
But if no delayed happen, gold might drop to 1420.
BUY TARGET : 1515.000
SELL TARGET : 1420.000
Trade closed: target reached
Hello traders! So for now SHORT TERM target 1480 already reached!!!!. Now we at critical point. either gold climb tu 1515 or drop to 1420. lets see !!!
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.