Oro / DollaroShort
Gold analysis this week: inday trade expectations
Aggiornato
hello traders,
Gold maintains a significant increase of 8% for the month, and, more importantly, for the quarter, it has had $160 gain that translated to a near 9% win.
There is potential bearish break for the metal as shown in the chart and zones 1949.16-1934.73 with regards to supply.currently we are on uptrend awaiting for confirmation of the break....thats the main focus potentially by mid week.
The bias on gold is still long and adding a cherry to the frosting on the gold cake was the metal’s proximity to the $2,000 perch for much of this month. In the past two weeks, Comex futures have breached $2,000 on six occasions, reinforcing expectations that it will get to $2,100 in due course to set a new record high.
more updates will be shared as we progress through the week.
Safe trading and as always RISK MANAGEMENT is key.
Gold maintains a significant increase of 8% for the month, and, more importantly, for the quarter, it has had $160 gain that translated to a near 9% win.
There is potential bearish break for the metal as shown in the chart and zones 1949.16-1934.73 with regards to supply.currently we are on uptrend awaiting for confirmation of the break....thats the main focus potentially by mid week.
The bias on gold is still long and adding a cherry to the frosting on the gold cake was the metal’s proximity to the $2,000 perch for much of this month. In the past two weeks, Comex futures have breached $2,000 on six occasions, reinforcing expectations that it will get to $2,100 in due course to set a new record high.
more updates will be shared as we progress through the week.
Safe trading and as always RISK MANAGEMENT is key.
Nota
1949.59 Touched followed by strong reversal to the upside.strong start to the week means good opportunity for inday entries
Nota
as expected gold broken through the rising triangle structure and has breached 2000 with a nice bull rally........congratulations to those who were able to catch the tradewe expect the week to be interesting,wether or not we get a pullback is upto confirmation chance
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