FUNTRADER-Vera
Long

XAUUSD: channel broke for gold to up next 2 wks to 1260

FX:XAUUSD   Gold Spot / U.S. Dollar
Hello, guys,

Gold did not fail us , just rally from the right position or support.
Its clear that channel broken will send gold up to 1250 -1260 zone.
In the long term ,we still think gold will need to drop later Aug - Oct.
More and more central bank is joining the rate-rising club and showing strong desire to follow up.That would b a bad news for long traders on gold .

Less is more!
Jul 17
Comment: lets me tell you one thing for sure, do not try to short gold.
Jul 17
Comment: gold is still heading to 1260 .
Jul 17
Comment: Do you know which channel to choose to follow ?
Jul 20
Comment:
Jul 23
Comment: now the green line have been hit once.
Price could highly possible to go higher than that.
Jul 25
Comment:
XAMS MONTH BIG SALES.
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ok
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Nailed it !
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nice chart ...
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hi.. i partially agree with this idea, we see a spike we see a divergence bullish engulfing, all because of poor CPI data, still need to be careful before FED minutes, i notice gold tend to go down every time prior that... FED minutes is due in 26 July.
GL with ur trade.
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The next two week price is predicted by technical analysis, but if another two factor (sentiment and fundamental) lead to opposite direction? What would happen? Correct me if i am wrong.
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@JAREL-TCK, i cant correct you .
time will .
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