GOLD has been supported - Look For The Long Opportunity
Firstly - The demand for Gold should go up as a result of the financial uncertainty in the global markets. This will drive demand as investors look for safe haven.
Secondly - The price has broken a strong descending trend-line which has been in place since the Mid-April crash. If the price is able to sit above the $1210.0 support, this should allow the price to continue to go up as high as 1260-1280 at least.
This is not investment advice, Losses can exceed initial investments. Good Luck!
Secondly - The price has broken a strong descending trend-line which has been in place since the Mid-April crash. If the price is able to sit above the $1210.0 support, this should allow the price to continue to go up as high as 1260-1280 at least.
This is not investment advice, Losses can exceed initial investments. Good Luck!
Trade active:
Long position opened @ 1210.0
Will be looking for a 1260.0 TP at least.
Will be looking for a 1260.0 TP at least.
Comment:
Move your stops to break-even
