Gold Analysis: How Long Gold May Rise ?
Updated
US-CHINA trade tension and Trump's tariff on Canadian aluminum industry, helping safe-haven to rise. Gold already broke historical high. Even USD in pressure against all the major currencies. SO, fundamentally Gold is in buy position there is no doubt here. But, all the technical indicators and tools are suggesting Gold are in an overbought condition.
We need to be cautious in this condition. Technically, as long as Gold is above the 2010.00 price zone, the Market still has a chance to test the 2050.00 price zone again.
Gold Sell Stop @ 2010.00
SL: 2050.00
TP1: 1980.00
TP2: 1940.00
We need to be cautious in this condition. Technically, as long as Gold is above the 2010.00 price zone, the Market still has a chance to test the 2050.00 price zone again.
Gold Sell Stop @ 2010.00
SL: 2050.00
TP1: 1980.00
TP2: 1940.00
Trade active
Note
TP1 = +300 PIPS👌👌Note
TP2= +400 PIPS DONE✌✌Trade closed: target reached
Total = +700 PIPS BOOKED😍😍😍😍😍
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