GOLD - Break Out Is Under Way
Updated
Gold seems to be ready to break out and go to our target 1820-1830.
First, it breaks downtrendline. Secondy, it breaks the neckline of the inverted head & shoulders pattern.
1740-1750 is buy zone if gold backtracks there.
1820-1830 is our target for this month.
All are invalid under 1720.
First, it breaks downtrendline. Secondy, it breaks the neckline of the inverted head & shoulders pattern.
1740-1750 is buy zone if gold backtracks there.
1820-1830 is our target for this month.
All are invalid under 1720.
Comment
Everything is in order. Gold should reach 1795-1800 soon then might pull back a little. Once gold breaks 1800, investors will jump in to buy gold like crazy.Comment
Took profit for half posy @1795Trade active
added half posy back @1760. Let's ride this bull till 1820.Trade closed: target reached
Took profit full posy @ 1820. It was a good swing trade. Great return.
Related publications
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.