Gold entering decisive week - October 4th
Hi everyone,
Be careful while trading gold this week. We are entering quite a decisive week and it could determine which way Gold is set to go.
If you have a look at the weekly and monthly charts, they seem quite bearish and we could expect a huge fall to levels as low as $1,817 and $1,765. However, keeping current political matters, the election, the virus and Trump in mind, Gold could easily switch gears and we could be heading towards $2,000 again within this month.
Let's see how this week ends. Be careful of fake outs, make sure to wait for confirmations and keep your eyes and ears open for the news this week.
Please always do your own analysis before entering trades, as these ideas are not financial advice.
Be careful while trading gold this week. We are entering quite a decisive week and it could determine which way Gold is set to go.
If you have a look at the weekly and monthly charts, they seem quite bearish and we could expect a huge fall to levels as low as $1,817 and $1,765. However, keeping current political matters, the election, the virus and Trump in mind, Gold could easily switch gears and we could be heading towards $2,000 again within this month.
Let's see how this week ends. Be careful of fake outs, make sure to wait for confirmations and keep your eyes and ears open for the news this week.
Please always do your own analysis before entering trades, as these ideas are not financial advice.