Here is an update on Gold
RECAP:
In our previous analysis gold was trading @ $1710
We expected the pair to be bullish and had our target set to $1750
The pair however was a bit bearish but was limited to $1708 forcing us to open buys at this level
After the opening of the US Market the pair also triggered our buy stop @ $1720 & another @ $1730
which was set last week
We hit our Buy Stop TP from yesterday's analysis
Banking us a total 300 pips on the pair
& are currently still in an active buy which was set @ $1730
WHAT TO EXPECT:
We expect gold to touch resistance at $1750
From there we expect the pair to break above the resistance @ $1750
Or fall back to $1730-$1725 before continuing its bullish trend.
Bullish harmonic pattern on 1D chart
OUR POSITIONS:
Currently @ $1738
Buy Stop @: $1755
Buy Stop TP @: $1765
Sell Stop @: $1720
Sell Stop TP @: $1710
Link to previous analysis below
Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
RECAP:
In our previous analysis gold was trading @ $1710
We expected the pair to be bullish and had our target set to $1750
The pair however was a bit bearish but was limited to $1708 forcing us to open buys at this level
After the opening of the US Market the pair also triggered our buy stop @ $1720 & another @ $1730
which was set last week
We hit our Buy Stop TP from yesterday's analysis
Banking us a total 300 pips on the pair
& are currently still in an active buy which was set @ $1730
WHAT TO EXPECT:
We expect gold to touch resistance at $1750
From there we expect the pair to break above the resistance @ $1750
Or fall back to $1730-$1725 before continuing its bullish trend.
Bullish harmonic pattern on 1D chart
OUR POSITIONS:
Currently @ $1738
Buy Stop @: $1755
Buy Stop TP @: $1765
Sell Stop @: $1720
Sell Stop TP @: $1710
Link to previous analysis below
Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
