HumairDawood

How to trade GOLD?

HumairDawood Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Hey guys,

Watch out for Gold to break out on either side. There are 3 possible scenarios I see with GOLD .

1) Reversal from the current point
2) Touches previous high and dives
3) Makes higher high and breaks out of the structure

Probably 2 sell and 1 buy opportunity coming soon.

Good luck!
Comment:
Comment: Set your new targets to BUY gold.

Short term Target 1800 (1 week)
Medium-term Target 1850 (1-2 Weeks)
Long term Target 1950-2000 (3-6 weeks)

Gold luck!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.