GOLD POTENTIAL LONG @ 1430
Judging from the weekly/daily and 4H time frames, Gold is still very bullish due to US-China trade tensions.
Scenario 1: Should Mr Trump choose to continue with the tariffs, I am expecting prices to do a pullback to the major support at 1430 before continuing the bull run all the way to $1550
Scenario 2: If a trade deal can be concluded, it will automatically mean that the 10% tariffs will be called off, stocks will rally and gold will lose it's value. Should that happen, i'm expecting it to go all the way to the major support at $1380, if it breaks, it may even go down more.
GOOD LUCK TRADERS.
Scenario 1: Should Mr Trump choose to continue with the tariffs, I am expecting prices to do a pullback to the major support at 1430 before continuing the bull run all the way to $1550
Scenario 2: If a trade deal can be concluded, it will automatically mean that the 10% tariffs will be called off, stocks will rally and gold will lose it's value. Should that happen, i'm expecting it to go all the way to the major support at $1380, if it breaks, it may even go down more.
GOOD LUCK TRADERS.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.