XAU/USD BULL RUN! ABOUT TO TAKE OFF!

If you are looking for something different and potentially an easy and quick winner Gold is back on the Bull run.

After a solid run up it has retraced and bounced off 1306.65 (The Black Line) and the 50 EMA (The Red line). This is a classic bounce area. Gold can be brought now around 1330, with a Stop loss under the last bar around 1320, and a target of 1355.

If you are going to make dollars your decisions need to make sense. This is a quick in and out trade.

I have no buy and hold positions on Gold and wont be taking any while I am giving my thoughts on it. I will trade it, and if you follow me you can to.

Lets make more dollars from common sense trades.

Comment:

I hope everyone is enjoying their profits on this trade.

Comment:

Gold has had a very nice movement yesterday in the suggested direction and hit out targets.

I hope that people have banked some profits off this trade, i certainly did as we are here to trade.

Trade closed: target reached:

I have just sold my position here I am going to close this trade.

I am not saying you have to sell but my targets are reached.

I hope you enjoyed, I will be posting many more profitable trade ideas.

Comment:

Looks like our target was accurate again

Comment:

This was a nice little trade, if you would like us to have another look at gold jus let is know.