GOLD is getting ready to breakout STRONGLY! Here's why...
Hey guys hope you are all well!
Gold has been in a harsh range for a few days now which I have been keeping my eye on. A big part of the harsh movements in gold at the moment is due to the uncertainty of what president elect Joe Biden has to say tomorrow which is making the market move extremely sketchy. With gold ranging for a number of days I do expect a huge breakout to occur soon, which way it will breakout to is unpredictable at the moment due to the range gold is currently trading in. But overall I do expect a strong bull run to the upside. I will be placing buys if I see a break above 1845.450 to target 1856.450. A selling opportunity is there but I like the the buying opportunity more, it all depends on what the market does from here.
I will keep you guys updated on this set-up.
Feel free to leave a like if you agree with the set up!
Gold has been in a harsh range for a few days now which I have been keeping my eye on. A big part of the harsh movements in gold at the moment is due to the uncertainty of what president elect Joe Biden has to say tomorrow which is making the market move extremely sketchy. With gold ranging for a number of days I do expect a huge breakout to occur soon, which way it will breakout to is unpredictable at the moment due to the range gold is currently trading in. But overall I do expect a strong bull run to the upside. I will be placing buys if I see a break above 1845.450 to target 1856.450. A selling opportunity is there but I like the the buying opportunity more, it all depends on what the market does from here.
I will keep you guys updated on this set-up.
Feel free to leave a like if you agree with the set up!
Trade closed: target reached:
1855.615 target reached! This was an amazing trade hit TP with almost no drawdown. Did you enter this trade? Let me know! Many more pips on the way!