GOLDEN JOURNEY 22 OKT 2020 / TRIANGLE
Hi everyone who reads my journal. It's for personal use, it is not an advice. Also it's to exchange thoughts about a high volatility metal ;-)
It is not possible to predict the future i understand....
In can be very short and clear in my view at the moment. The world is unsure. US elections are very important for Gold movement. I don't know if this is positive or negative. I choose to be in Long positions because i am a Bull by heart. I have written the range / triangle in the weekly chart as you can see. Very important is this resistance level for further movement up! 1933 is the number to go up and the downside is 1882.
I will be trying to scalp every day when possible between 1933 and 1882 using Fibonacci.
I wish everyone good luck and safe trading.
It is not possible to predict the future i understand....
In can be very short and clear in my view at the moment. The world is unsure. US elections are very important for Gold movement. I don't know if this is positive or negative. I choose to be in Long positions because i am a Bull by heart. I have written the range / triangle in the weekly chart as you can see. Very important is this resistance level for further movement up! 1933 is the number to go up and the downside is 1882.
I will be trying to scalp every day when possible between 1933 and 1882 using Fibonacci.
I wish everyone good luck and safe trading.
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