The price of gold is about to break upward as upper bounds of RSI Strap has been broken and US equities are extremely volatile.
I am expecting a very weak open for stocks and a continuation of the gold price rally.
Gold has been trading within a tight range since August and volatility of this extent is expected.
Targets for this trade sit around $1350, although macro-trends indicate that this may be the last time to buy.
Please view below:
I am expecting a very weak open for stocks and a continuation of the gold price rally.
Gold has been trading within a tight range since August and volatility of this extent is expected.
Targets for this trade sit around $1350, although macro-trends indicate that this may be the last time to buy.
Please view below:
Comment:
Let the profits run.
Comment:
The upper level is now support. This breakout will continue to run.
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