Gold Bullish move Till end of the week

19 Ağu

As we well saw last week with velocity bullish move the Commodity made that past week its my Guess that also this week will see first a bearish reversal @2472 that would be the price retesting the new range @ my fvp of 50% or if we break the zone then we would be testing my extreme discount zone @2446 but as of now am awaiting to see a bullish reversal on this zone before i can enter the trade to the upside its will be quick an interesting week

22 Ağu

İşlem aktif

Gold extends shallow pullback ahead of key data releases,I will still be with the bulls as for the reason that Gold traders continue to assess the outlook for the US economy for guidance on the future path of interest rates, a key driver for the asset. Gold tends to appreciate as interest rates fall because this lowers the opportunity cost of holding the non-interest-paying asset. I will be targeting @2570 as my initial Tp.

22 Ağu

İşlem aktif

our bearish reversal @2472 which happens to be our fair value price for both bears and bulls as anticipated has been reached early next week will be interesting to see whether the Bulls will come in and try and drive the commodity to its new highs or will the bears still dominate as they await the Nfp to released but as of now am just sitting and waiting

12 Eyl

İşlem aktif

am still with the bulls on this commodity as the fed still hovers around whether or not to cut the interest rate but as they still hover around that idea I will still hang on with the bulls and rally on till I hit my target zone as for now am all bullish