Here is yet another chart pattern. It appears that $1677 is literally the floor (strong support), and currently, the lower highs are suggesting gold will continue an up-and-down ride until we near the end of the pattern. Strategies for now?
- When at roof level (high), go short
- When near the floor, go long
This should keep the investors and traders busy for a while, unless there is yet another lockdown imposed, in which case, the gold will break through early, and it will go upwards to touch the $2000 mark yet again. Hope this helps!
- When at roof level (high), go short
- When near the floor, go long
This should keep the investors and traders busy for a while, unless there is yet another lockdown imposed, in which case, the gold will break through early, and it will go upwards to touch the $2000 mark yet again. Hope this helps!