GOLD BREAKOUT TO $1800

15 May 2020

JNUGXAUUSDGDXJGDXNUGT

16 May 2020

İşlem aktif

Expecting a move higher in dollar denominated Gold price to the initial target of $1800. On the Daily chart, we now have a bullish breakout from the triangle consolidation pattern and a bullish MACD crossover.

Based on the above we predict an initial move higher to $1800 which corresponds to the trend line of recent tops. Should the gold spot price break above this trend line, we will then expect a much more explosive move to the upside.

21 May 2020

İşlem elle kapatılmış

Expecting to see a pullback to retest triangle here. Trade with caution!

21 May 2020

Not

1800 still in focus but not immediately.