Back To Basics - GOLD!
Updated
It's pretty apparent at this point that gold has broken it's downtrend and now looks to the future with bullish intent.
Right now, we need to see if this channel is going to hold, meaning gold needs to stay above 1270 to be a buy.
Play it by ear, see how it behaves in the coming weeks. Overall I am bullish but I will wait for my chart to give me a better hint :)
As you can see I have designated the areas where I would consider buying or selling. Good luck, traders!
Right now, we need to see if this channel is going to hold, meaning gold needs to stay above 1270 to be a buy.
Play it by ear, see how it behaves in the coming weeks. Overall I am bullish but I will wait for my chart to give me a better hint :)
As you can see I have designated the areas where I would consider buying or selling. Good luck, traders!
Note
Looks like we may actually have a good short here, I'll stay out for now and see what Gold will do tomorrow.Trade active
Short
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