Trading Idea - #Gold #Futures
BUY
ENTRY: 1905.8 USD
TARGET: 1984.8 USD (4% profit)
STOP: 1846.1 USD
- After the all-time high (USD 2089), a clear downtrend has emerged, which has found important support at USD 1677.
- Since then we have been in an upward movement with a break through the falling trendline.
- A setback briefly tested the trend line.
- The upward trend is expected to be continued.
- Target 1960 USD to 1980 USD.
ENTRY: 1905.8 USD
TARGET: 1984.8 USD (4% profit)
STOP: 1846.1 USD
- After the all-time high (USD 2089), a clear downtrend has emerged, which has found important support at USD 1677.
- Since then we have been in an upward movement with a break through the falling trendline.
- A setback briefly tested the trend line.
- The upward trend is expected to be continued.
- Target 1960 USD to 1980 USD.
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