The metal has returned to its upward trend after a dip. The current chart setup suggests a continuation of the rally, with possible consolidation around this level. Overall, the trend remains bullish, so I'm taking long positions.
XPTUSD
XPDUSD
OIL
A similar setup can be seen in platinum, palladium, and oil—I'm also trading long there.
XAUUSD
As for gold, everything looks great, but the exponential rise makes me cautious. I'd consider entering on a pullback, but for now, I'm staying on the sidelines and watching.
XPTUSD XPDUSD OIL A similar setup can be seen in platinum, palladium, and oil—I'm also trading long there.
XAUUSD As for gold, everything looks great, but the exponential rise makes me cautious. I'd consider entering on a pullback, but for now, I'm staying on the sidelines and watching.
Trade active
Note
Stop at breakeven or fix profit 1% I'm not liking how gold opened and how it's trading so far. It might drag silver down with it.
I'm already up 1% on the position.
It's either take the profit or risk it by moving the stop to breakeven. I'm locking in profits and stepping aside to watch.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.