As the wonderful president keeps f#cking America like a cheap whore after a booze fuelled night then Gold is only going to strengthen as in times of uncertainty people run out and invest in Gold... and I think it is pretty safe to say things are quiet uncertain with America and the economy at this moment in time.
Even if you are a Trump enthusiast you must be slightly worried about the way things are going?
So for the reasons above we are bullish on this pairing at the moment and are looking for a run up to out resistance zone ( green box ) We do need price to break and close outside our support zone ( red box ) first though before we take this position, But we are expecting a market gap in our favour at market open so getting out this support zone should not be a problem at all.
This is just our analysis so only use it if it lines up with your own analysis, and if you do trade then please use correct risk management, and if you don't know what correct risk management is then please smash your laptop and stop trading ;p
Even if you are a Trump enthusiast you must be slightly worried about the way things are going?
So for the reasons above we are bullish on this pairing at the moment and are looking for a run up to out resistance zone ( green box ) We do need price to break and close outside our support zone ( red box ) first though before we take this position, But we are expecting a market gap in our favour at market open so getting out this support zone should not be a problem at all.
This is just our analysis so only use it if it lines up with your own analysis, and if you do trade then please use correct risk management, and if you don't know what correct risk management is then please smash your laptop and stop trading ;p