AGE OF GOLD IS OVER
Updated
Looks like the US & the French's bargaining power is over. Their ability to keep pumping gold prices up just to suck the yellow nation dry has come to an end. China will surely find a substitute to gold and proceed with production,henceforth gold prices will fall.
Technically Gold has reached a triangle lock zone and might surely never taste the 2600.00 mark.
we anticipate a drop in Gold prices as shown in the picture all the way down to the 2500.00 mark before further decisions are to be made.
Use proper risk management and adhere to good trading practices.
Best of luck.
Technically Gold has reached a triangle lock zone and might surely never taste the 2600.00 mark.
we anticipate a drop in Gold prices as shown in the picture all the way down to the 2500.00 mark before further decisions are to be made.
Use proper risk management and adhere to good trading practices.
Best of luck.
Trade active
adjust SL to entryNote
adjust SL into at least 25% profit of this trade and check my next analysis because these analyses are interlinked. Note
disregard previous update.
Do however keep position in 25% profit locked.
Be advised that gold price is still currently range bound,Therefore the above stated precautionary measure is necessary to avoid negative exit.
Trade closed manually
secure all profits now.
Our prediction ruite has been derailed.
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