The next macro bull-cycle for gold is starting, fueled by massive amounts of money that are and will be printed by the FED, commanded by the the Biden Administration.
-First, the price will bounce off the ascending support line at around 1820-1830 and retest the recent high of 1960, which will ultimately break.
-After a correction, the price will move to test the all time high at 2080. It will bounce off first, due to profit taking. We will see a correction (pull back)
-After the correction, 2080 will break and gold will go parabolic to around 2300-2350, where price will consolidate for a while.
Trading strategy:
Keep building your position from here. Buy a little every week to get a good average price. Prepare to take some profit at 2300.
-First, the price will bounce off the ascending support line at around 1820-1830 and retest the recent high of 1960, which will ultimately break.
-After a correction, the price will move to test the all time high at 2080. It will bounce off first, due to profit taking. We will see a correction (pull back)
-After the correction, 2080 will break and gold will go parabolic to around 2300-2350, where price will consolidate for a while.
Trading strategy:
Keep building your position from here. Buy a little every week to get a good average price. Prepare to take some profit at 2300.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.