Gold Wants to Go Higher
Hello Traders!
Friday ended with a very promising consolidation upwards to 1930. With the expected stimulus package and the USD crashing, we are definitely expecting an upwards move to the 1960-1970 region. We could see a slight correction downwards since know chart follows a linear pattern. The correction could retest the 1910 region before continuing its upwards trajectory to 1960-1970 by the end of the week. My plan for the upcoming week is to execute swing trades start from 1930 to 1945 as my TP1 and 1958 as my TP2.
I wish you all the best of luck this week. Trade safe and make sure to put a STOP LOSS!
Friday ended with a very promising consolidation upwards to 1930. With the expected stimulus package and the USD crashing, we are definitely expecting an upwards move to the 1960-1970 region. We could see a slight correction downwards since know chart follows a linear pattern. The correction could retest the 1910 region before continuing its upwards trajectory to 1960-1970 by the end of the week. My plan for the upcoming week is to execute swing trades start from 1930 to 1945 as my TP1 and 1958 as my TP2.
I wish you all the best of luck this week. Trade safe and make sure to put a STOP LOSS!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.