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oliverbh

Gold Long. Time for Breakout? Third time's a charm

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
oliverbh Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns
6
2
chartpattern
Gold are breaking out the descending channel, which is started forming from ATH back in August. Gold has since halted compared to other commodities, and now might be the time, where gold increases the pace. I believe now is a good time for a long position in gold.
Comment:
So far so good. Breakout now confirmed, with a bounce on previous resistance. Furthermore, both silver and platinum are rising heavily, which gold hopefully will follow
Comment:
I believe that it is vital for commodity traders to change their mindset. Gold has been in a severe decline for the past 9 months, but the reversal is happening. I think the coming months will result in great returns for gold, silver and platinum. Gold is ow trading above 1800 usd, which was expected.
Comment:
Trade going very well. No other comments than keep holding!
Comment:
Still in. Gold is now trading above 1900.
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