For the last 5-6 years, gold is creating demand in the second quarter of December month. I am expecting the same thing to happen this year as well. this is a seasonal trade idea that gives the opportunity to buy gold in December.
Reason : * Profit-taking from us stock market
* Buying pressure from Indian customers in the event of Puja ( they hold the biggest share of gold in the world).
I expect to take a minimum of 500 pips of profit from gold. Cheers everyone.
this is the last trade for this year.
Hope to see you all next year. My target is to gain at least 15000 pips in 2021. Merry Christmas And very Happy New year.
Reason : * Profit-taking from us stock market
* Buying pressure from Indian customers in the event of Puja ( they hold the biggest share of gold in the world).
I expect to take a minimum of 500 pips of profit from gold. Cheers everyone.
this is the last trade for this year.
Hope to see you all next year. My target is to gain at least 15000 pips in 2021. Merry Christmas And very Happy New year.
Trade active
Trade closed manually:
430 pips profit