Hello. The next few months should be interesting. I see a few ways it can go. If gold breaks and closes below $1800 area, as shown on the chart, there is a lot of downside potential. Personally, I welcome any drop in gold. For me to get in at the bottom of a cycle in hopes to ride it up is a nice opportunity. So in my opinion that same red candle marked on the chart could be a point to watch for some upside potential. Being that gold broke below $1800, I will watch how this week plays out. If gold rejects $1800 and it acts as a base or a point to retrace, it will be a nice chance to grab some pips. Only 10 more trading left to this month so it should be amazing. All thanks to Big G my mentor. I expect a good amount of movement this upcoming week. Gold could drop to $1750 / $1730. It all depends on how our government plays out our current financial situation. Trade the trend and thank you.
Pip Whisperer
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Pip Whisperer
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.