Goode Olde Gold
Updated
Trump-Kim no deal?
Fear of Trump-Xi?
Time for gold to soar!
XAUUSD has bounced of the bottom of the channel/wedge that it has been in with a strong bar, we can take this as a high probability trade up higher as the investors shift their allocation into risk-off for the month of March.
Fear of Trump-Xi?
Time for gold to soar!
XAUUSD has bounced of the bottom of the channel/wedge that it has been in with a strong bar, we can take this as a high probability trade up higher as the investors shift their allocation into risk-off for the month of March.
Trade closed: stop reached
Stop hit. Gold's bounce was reversed and it broke out of the trend line. I will re-analyze this and see if it's part of a bigger consolidation before another impulse up, or if this is the start of another impulse down.
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