jamison_fx

GOLD READY TO EXPLODE!!

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
I like to think of this move as in a spring ( if you compress a spring you get a big reaction ) you compress price action you get a breakout... Gold has taken a breather after a huge bull run.. I've seen this formation many times, price compressing together in a triangle shape then a big breakout. I do favour the upside as I think gold hasn't finished its rally, no real progress around the world with COVID 19 and also other tensions rising between countries, all this means is people want the safer investments, this been gold! back to price action I think that we may see a possible fake move right before the big one, ill have buys set around 1910 and watching for a possible further dip to the downside trying to draw in some short sellers... things can change very quick as seen last week with GBP but looking into the future this is the scenario i have mapped out. Good luck to everyone ahead of this trading week!

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