Trade_Setup

GOLD is building to squeeze the sellers and push to new highs

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
GOLD is showing strong signs of holding above previous support around $1480, after washing out some buyers with the spike lower, as safe haven buyers step up the pressure. If the trade war continues to escalate, we expect the bulls to come out and play and send Gold running to new highs. A push above the $1519 zone on the daily timeframe would be just the trigger to get the ball rolling.

Comments

Hi, would you go short if price close below "..washout of BidZone...". Thanks ....

PS > Keep up with good work ..
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