Here's a quick outlook on a short term buy opportunity for Gold .
Currently trading within a channel with a mild breakout from a valid trend with multiple price retest cutting right across the channel. An entry at 1914.00 would mean a possible 160+ Pips between this price and the resistance levels of the current channel. A break from the channel so give further rise to the next possible resistance at 1970.00
Gold has always proven to be a beast during economic crisis, with the sharp surge on Bitcoin , I don't expect Gold to stay down for long. Big Moves come for gold in the long term.
Please share your thoughts and opinions in the comment section, and also like and follow for more updates.
Have a nice day!
Currently trading within a channel with a mild breakout from a valid trend with multiple price retest cutting right across the channel. An entry at 1914.00 would mean a possible 160+ Pips between this price and the resistance levels of the current channel. A break from the channel so give further rise to the next possible resistance at 1970.00
Gold has always proven to be a beast during economic crisis, with the sharp surge on Bitcoin , I don't expect Gold to stay down for long. Big Moves come for gold in the long term.
Please share your thoughts and opinions in the comment section, and also like and follow for more updates.
Have a nice day!