Hello Everyone, We are closely monitoring Gold as it is flirting with the $1420-22 region. We see it preparing for a meltdown as shown in the chart above.
Do you agree with us? Or do you have a different opinion?
P.S. POTUS unpredictable tweets can change all of this. But, until then, we'll stick to our analysis.
Trade active
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Wow, Gold doing some stop-hunting around and about the Trendline. Closed perfectly below the trendline. Almost hit our SL, but not yet!
Trade Active and will be updating it later
Trade closed: stop reached
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Our SL has been hit. As per usual, we think the price is just reacting to POTUS recent tweets about the interest rates.
As long as the Trendline holds, we will re-enter our SELL