jamison_fx

LONG POSITIONS READY FOR NEXT MOVE ON GOLD!!

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
As I posted this level last week it has shown great support, i expect a bit of a side ways move on gold and its had a well needed breather after such a huge bull run. It has been exploding to the upside after many crazy world events and continues to rally as this craziness is happening around the world. For people that do not know gold is known as a "safe haven" when there is uncertainty in the world, people see gold as a safe asset as its kept strong value for a very long time, investors tend to pile there money into these safe havens as crazy world events unfold to kept there money safe.. My trading style is to buy the dips of these bull runs so from the current level I have a zone drawn on, I see price breaking to the upside or possibly hanging around here. The last scenario would be a quick sell off to attract some short sellers and then a fast move back to the upside.. make sure your always aware to things changing just like that, any positive covid news can create a fast sell off. Trade smart and protect your capital at all times, have a good trading week!!

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