Hi Traders
Gold is trading in a range right now. It looks a bit like a false breakout even we already got a Hitman signal here. But for the moment it would be late to jump into this trade. But we might get provided with another pullback first before breaking out of that range. I will be very careful to trade gold on a higher timeframes until we see a proper breakout of this range in either direction. At the moment my bias is that it will be breaking out in the direction of the 2k mark but depending on the week start, this could might change very fast.
Gold is trading in a range right now. It looks a bit like a false breakout even we already got a Hitman signal here. But for the moment it would be late to jump into this trade. But we might get provided with another pullback first before breaking out of that range. I will be very careful to trade gold on a higher timeframes until we see a proper breakout of this range in either direction. At the moment my bias is that it will be breaking out in the direction of the 2k mark but depending on the week start, this could might change very fast.