For the bulls, this is a precious metal trading with GBP, We have an overview of gold now while we waiting for the Retail Price Index (RPI), Claimant Count Change news, Flash Services PMI.
I expect to see positive change on the RPI for the upcoming news. also, we are about 8 days to hear GDP 4th Q 2021 results,
553,412 M £ as 3Q 2021
546,556 M £ as 2Q 2021
517,998 M £ as 1Q 2021
for the technical view ...
Bullish Head and shoulders pattern had detected on the 3H chart
on the volume indicator, I see some buying volume entring the Gold CFDs
The price has started moving from 1342-1346 accumulation area for the up
Long position:
Buy order on 1350-1355 area
Targeting 1385-1390 area
Buy limit at 1337-1332 area just to protect our position in case the price make amove against us
The numbers from ons.gov.uk
I expect to see positive change on the RPI for the upcoming news. also, we are about 8 days to hear GDP 4th Q 2021 results,
553,412 M £ as 3Q 2021
546,556 M £ as 2Q 2021
517,998 M £ as 1Q 2021
for the technical view ...
Bullish Head and shoulders pattern had detected on the 3H chart
on the volume indicator, I see some buying volume entring the Gold CFDs
The price has started moving from 1342-1346 accumulation area for the up
Long position:
Buy order on 1350-1355 area
Targeting 1385-1390 area
Buy limit at 1337-1332 area just to protect our position in case the price make amove against us
The numbers from ons.gov.uk
Trade active:
Buy limit at 1337-1332 triggered, the positions are doubled now
Trade closed: target reached