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jdouglas020
May 12, 2022 1:29 PM

Gold A Buy  Long

GOLD (US$/OZ)TVC

Description

The trend is obvious the move tot he upside will take the price up $200 to challenge the 2020 high if we break out above 2045 we could see a run 2250.
The chart perfect uptrend is intact.

Go long here

Comment

We bought at 1845 we saw a surge Friday to 1875
This is big week next week - with fed interest rates and potential stagflation.
If we break thru 1875 next week substantially we could see a major shift in this market to the upside.
If we failed next week we will return to 1850 level.

This chart continues to be valid and move to 2000 is next major step to accomplish that we must see money move to safety of gold

Trade closed: target reached

Trade closed: stop reached

Comments
Tradersweekly
Good luck next time.
jdouglas020
Well I made a bad call and purchased more in the 1705 area and when it hits 1824-30 will dump my position and look for another long about 1795
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