long GOLD
Given the fundamentals, with the current geopolitical situation, we are looking at continuation of the uptrend of the precious metal.
As we can see on our weekly chart, at the breakout of the 1,375 level, after a contraction period, GOLD extended to all time high with a 50% gain.
This is what we are expecting with the current setup, for a medium term trade, where we look at extending up to the new all time high at 3,000$ per once. Our SL will be just below 1,660, in correspondence of the lower part of the channel. A great 3.2 RR on this medium term trade
As we can see on our weekly chart, at the breakout of the 1,375 level, after a contraction period, GOLD extended to all time high with a 50% gain.
This is what we are expecting with the current setup, for a medium term trade, where we look at extending up to the new all time high at 3,000$ per once. Our SL will be just below 1,660, in correspondence of the lower part of the channel. A great 3.2 RR on this medium term trade
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