To buy or not to buy Gold ?
تم تحديثه
If you have already longed Gold at around 1700 price level, congratulations. You can either take profits or wait out. But if you have not long Gold this year, I suggest you take a break and wait for the signals. We can see that it is at the resistance level at 2075 price level and while the last few weeks have been bullish, we never know what's going to happen in the future for sure.
So, let the price breaks out and shows evidence of a continued rally before going LONG or it could retrace within the bullish green line before going up or down.
Please DYODD
So, let the price breaks out and shows evidence of a continued rally before going LONG or it could retrace within the bullish green line before going up or down.
Please DYODD
ملاحظة
yawning..........ملاحظة
could this time breaks above the resistance point ?ملاحظة
bearish pin bar, short term traders can take profitsملاحظة
added moreملاحظة
Praise God. Congrats to those who followedملاحظة
added more last nightملاحظة
a bearish pin bar, expect profit takingملاحظة
IF a recession does come next year along with the rates reduction, this asset class may have more room to goملاحظة
The war will help to accelerate the gold price so not selling nor taking profits yet.....
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