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Rideway_Fx

GOLD: Possibility of returning to old peaks

Long
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
Rideway_Fx Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Technical Indicators Fundamental Analysis XAUUSD Gold trade tradingsignals signals goldtrade goldtrend goldtradingstrategy
2
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trendanalysis indicator fundamental xauusd gold trade tradingsignals signals goldtrade goldtrend goldtradingstrategy
Gold has just broken out of the small price range to fall at 1h. However, the price has not yet escaped far from the support below. Need a deeper push down before retesting upwards to sell down. Or if the price bounces back up, you can wait to sell again at the old peak.
Comment:
Chairman of Adrian Day Asset Management, also forecasts that gold will increase in the near future. He said that high inflation and economies on the brink of recession are good environments for gold.
Comment:
GOLD BUY LIMIT 1917 - 1919

TP: 1924

SL: 1914

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