If you had entered the sell entry on gold which I posted last year you would've been in deep profits as it hit TP1 as expected.
This is my take on gold for the next few months, we have a buy setup to possibly take out November highs than continue the sell, or we have a buy to take out the high which gold made. OANDA:XAUUSD
Good day followers, please see an update on Gold, we are in a downtrend however gold has setups for both buys and sells.
here is a Buy position in gold which is a retracement BUY position.
follow RED path line
thank you
If you have a look at gold on a daily time frame we will see that it had induced buyers into the market.
from the low of Nov/Dec, on the5th Jan 2020 it form the 1,2,3 pattern which is reversal pattern.
This indicating that it is now in a Bearish market.
Gold will be selling for the long term. possible last take profit will be 561.10.
If we have a look at the...