Gold - The Most Interesting Market

The price reached 1500 important level, and it looks like the market has potential and fundamental support to move higher.

Will the ATH be reached? It is a good question for discussion. If you have your personal opinion, please share it in comments below this post. But what we can say exactly now - the Gold market is the most exciting market at this moment.

How to trade?
The perfect buy signal was based on the breakout above the local downtrend line. If we talk about further trading opportunities, buying now is not a good idea as the market becomes more and more overbought. For buying, we should wait for a new correction.

For selling, it looks like we will be able to get interesting short opportunities soon. The price is at 1500 round number level, which can stop and reverse the price. Also, there will be 1550 resistance level, which comes from the past. Reversal signals from these levels based on the daily timeframe will be able to provide sell signals based on the lower timeframes.

Just don't forget to use stop orders and proper money management if you try to make a profit in the Gold market.