GOLD/USD ready to run again?
I have been trading and investing in gold for a while now leading up on this run and expected to see a descent pause in the market after launching out the top of this long term growth trend.
I dont feel this run is over yet but is due for a halt, but its getting close to the lower band of this bullish channel so keen keen to enter another long very soon.
As this is new price discovery into the unknown and everything going on with the global economics and US election i still expect to see big volatility on gold for a while as a safe haven hedge to uncertainty.
Looking at fib extensions for targets at the moment around $2160, $2250 and $2350 before we take another breather.
what are your thoughts?
I dont feel this run is over yet but is due for a halt, but its getting close to the lower band of this bullish channel so keen keen to enter another long very soon.
As this is new price discovery into the unknown and everything going on with the global economics and US election i still expect to see big volatility on gold for a while as a safe haven hedge to uncertainty.
Looking at fib extensions for targets at the moment around $2160, $2250 and $2350 before we take another breather.
what are your thoughts?
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