GOLD(XAUUSD)
Fundamentals Overview
Gold has been offering a good level to go long, looking at the current interest rates at most of the central banks is nearly 0%, we can expect more and more people wanted to diversify their portfolio into this precious metal.
Technical Overview
Daily Timeframe:
Price still maintaining its bullish momentum after some consolidation last week
4HR Timeframe:
The current price action shows us that the potential upside move is very likely but only if we can see bulls manage to break above the bullish flag pattern.
Possible Entry:
Price breaks above the pattern and on the buy on the retest
CAUTION: Gold is very volatile so do not use a huge lot size
Fundamentals Overview
Gold has been offering a good level to go long, looking at the current interest rates at most of the central banks is nearly 0%, we can expect more and more people wanted to diversify their portfolio into this precious metal.
Technical Overview
Daily Timeframe:
Price still maintaining its bullish momentum after some consolidation last week
4HR Timeframe:
The current price action shows us that the potential upside move is very likely but only if we can see bulls manage to break above the bullish flag pattern.
Possible Entry:
Price breaks above the pattern and on the buy on the retest
CAUTION: Gold is very volatile so do not use a huge lot size