$XAU/USD 1M (Oanda) Bullish flag on support
Updated
Gold is currently in an big ascending channel and I think it will bounce here and push higher!
I see many people bearish on it but I believe they are wrongly biased.
You can buy some
PAXG (PaxGold) in Binance, it's worth an ounce of Gold!
If Bitcoin rallies I guess the PAXG/BTC pair would go down at first though, so better invest with Dollars instead for now.
Also, before end of bull-run I would recommend selling most Crypto for Gold.
MANUAL TRADE ONLY
Current Price= 1777.230
Buy Entry= 1779.900 - 1721.700
Take Profit= 2274.900 | 2807.200 | 3546.600
Stop Loss= 1525.700
Risk/Reward= 1:2.33 | 1:4.69 | 1:7.98
Expected Profit= +29.93% | +60.34% | +70.32%
Possible Loss= -12.69%
Fib. Retracement= 1.272 | 1.618 | 2
Margin Leverage= 1x
Estimated Gain-time= 3 years
I see many people bearish on it but I believe they are wrongly biased.
You can buy some
PAXG (PaxGold) in Binance, it's worth an ounce of Gold!If Bitcoin rallies I guess the PAXG/BTC pair would go down at first though, so better invest with Dollars instead for now.
Also, before end of bull-run I would recommend selling most Crypto for Gold.
MANUAL TRADE ONLY
Current Price= 1777.230
Buy Entry= 1779.900 - 1721.700
Take Profit= 2274.900 | 2807.200 | 3546.600
Stop Loss= 1525.700
Risk/Reward= 1:2.33 | 1:4.69 | 1:7.98
Expected Profit= +29.93% | +60.34% | +70.32%
Possible Loss= -12.69%
Fib. Retracement= 1.272 | 1.618 | 2
Margin Leverage= 1x
Estimated Gain-time= 3 years
Trade active
All entries filledGold dipped as planned and is preparing for a big impulse this year in my opinion!
If you don't know how to buy, you can purchase some PAXG (PaxGold) in Binance.
Related publications
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.