Sublime_Trading
Long

Gold Proving Resilient!

TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold is not a fast mover but nonetheless is proving to be resilient and creating higher highs and
higher lows despite obstacles along the way.

The global pandemic forced price down rapidly to the 200 simple moving average in March of this year.
Price quickly found its footing and soon began rising and breaking above previous highs.

From April 14th 2020 price went into consolidation and eventually broke out on June 22nd 2020.
The high of the consolidation zone at $1747 has turned from resistance to support. Going forward,
if price remains above the consolidation zone and uses $1747 as support then we may see further
trends to the upside.

There is still the all-time high at $1920 for price to break through and price may eventually make
it to that point and beyond if the trend remains consistent.

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As always, keep it simple, keep it Sublime.
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Comments

Any new idea for gold? Now 1782
Reply
Sublime_Trading FarhatMFarhat
@FarhatMFarhat, our stance does not change in 2 days. We are not day traders. What we have said below stays true until it happens.
Reply
What is the next!?)
Reply
Sublime_Trading FarhatMFarhat
Reply
FarhatMFarhat Sublime_Trading
@Sublime_Trading, I mean for the gold what the next? Do U have privet signal for gold? Txme back pls
Reply
Sublime_Trading FarhatMFarhat
@FarhatMFarhat, we will wait for price to move through $2000 before we consider any long positions. Until then we will be standing side and focusing on stocks which are performing much better.
Reply
Sublime_Trading popoythegreatfund
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