Gold Long then short
Updated
I expect the following move for gold in the upcoming weeks.
First i expect the price to bounce from 1946-1950 level, to 1983. I expect a pullback to 1965 area and then another bounce up to 2005-2012.
From 2005-2012 i expect e strong bearish movement to 1850 area from where i expect gold to start another leg up to make another ATH.
Trading plan would be to buy around 1950 with a stop loss 1940 and then sell around 2005 with a stop loss 2020.
Good luck!
First i expect the price to bounce from 1946-1950 level, to 1983. I expect a pullback to 1965 area and then another bounce up to 2005-2012.
From 2005-2012 i expect e strong bearish movement to 1850 area from where i expect gold to start another leg up to make another ATH.
Trading plan would be to buy around 1950 with a stop loss 1940 and then sell around 2005 with a stop loss 2020.
Good luck!
Trade active
Trade active from 1955, running 100 pips.Trade active
Price retraced to 1950 area, took another long with stop loss 1940.Trade closed manually
priced reached 1971 and then fell to 1940. idea not valid anymore
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