Orange arrow show where this key level has been used as support and purple arrow shows resistance, we can see price is nearly at this level so we will be waiting for a break or bounce before jumping in this trade again as we had a loss on it yesterday... YES WE HAD A LOSS... WE ARE HUMAN ;p
But our view is that it will bounce and make some movement to the upside probably the start of next week, we think this because of the strong level and how the US economy is quietly going down the toilet.. but we wont rant on about this again ;p
Trump might be golds best friend because people will run out to invest in gold as a safe haven when the economy goes t#ts up.... And it will go t#ts up because Trump is a c@#t haha!
So you can make your own mind up, but this is our opinion.
But our view is that it will bounce and make some movement to the upside probably the start of next week, we think this because of the strong level and how the US economy is quietly going down the toilet.. but we wont rant on about this again ;p
Trump might be golds best friend because people will run out to invest in gold as a safe haven when the economy goes t#ts up.... And it will go t#ts up because Trump is a c@#t haha!
So you can make your own mind up, but this is our opinion.