Hello Traders. Hope you are doing well
In my opinion Gold is in full consolidation phase and has upside presure with the 6 month trade review between US and China has been postpone.
I entered into a trade with a take profit at $2015 but i will be watching to see what the price does around the blue horizontal line. If the price passes there with ease then I will add another trade with the same take profit.
If not I will close my existing trade and then wait for another buying moment.
Best of luck out there!!!
In my opinion Gold is in full consolidation phase and has upside presure with the 6 month trade review between US and China has been postpone.
I entered into a trade with a take profit at $2015 but i will be watching to see what the price does around the blue horizontal line. If the price passes there with ease then I will add another trade with the same take profit.
If not I will close my existing trade and then wait for another buying moment.
Best of luck out there!!!
Note
target reached. both positions closed with profit 2015 USD
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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.