Dear Traders
Whilst I believe Gold is targeting $3053 going by this bigger picture on the weekly. It is safe to just let the METAL be for now as anything may just happen. I would rather wait for price to get to the Fair Value Price Zone I marked up on my chart, go to lower time frame to monitor for any Bullish price action and join the Bull run to $3,053 zone.
Chasing price now is very dangerous as the market may just correct on you. If market continues to Bull then wait to see rejection at $3,053 and watch out for bearish price action before taking a sell trade. Trading can be that simple and easy. Don't gamble with your hard-earned money.
Let us wait and see where the volume that may set in during the New York session may push price. Till then, trade careful and apply proper risk management
Whilst I believe Gold is targeting $3053 going by this bigger picture on the weekly. It is safe to just let the METAL be for now as anything may just happen. I would rather wait for price to get to the Fair Value Price Zone I marked up on my chart, go to lower time frame to monitor for any Bullish price action and join the Bull run to $3,053 zone.
Chasing price now is very dangerous as the market may just correct on you. If market continues to Bull then wait to see rejection at $3,053 and watch out for bearish price action before taking a sell trade. Trading can be that simple and easy. Don't gamble with your hard-earned money.
Let us wait and see where the volume that may set in during the New York session may push price. Till then, trade careful and apply proper risk management
FINSPOT ACADEMY
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.
FINSPOT ACADEMY
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.