What's next for GOLD?
Precious metals I am bullish since last yr....Now things are getting interesting!
We had a beautiful bullish move, from the double bottom created, taking us towards resistance areas of this longer term channel - Now, we hit about but the key question to keep in mind, Can we stay above the areas we are in? We will have to for further bullish momentum...However, taper talks are coming into play! Now the market has mixed feelings and the right word as I have stated for a very long time is patience. Best to trade what you see in front of you!
GOLD (XAU) within the ranges of: (S) 1840 & (R) 1890
A break to either direction for further clarification to the next support or resistance areas as highlighted in grey.
Headline: CNBC, Big institutional investors are dumping bitcoin and going back into gold, JPMorgan says.
Thing is, I don't trust headlines. I like to trade to see what's in front of me because just a month ago they mentioned in April, they are now getting into cryptocurrencies where JPMorgan to Let Clients Invest in Bitcoin Fund.
All the best,
Trade Journal
Precious metals I am bullish since last yr....Now things are getting interesting!
We had a beautiful bullish move, from the double bottom created, taking us towards resistance areas of this longer term channel - Now, we hit about but the key question to keep in mind, Can we stay above the areas we are in? We will have to for further bullish momentum...However, taper talks are coming into play! Now the market has mixed feelings and the right word as I have stated for a very long time is patience. Best to trade what you see in front of you!
GOLD (XAU) within the ranges of: (S) 1840 & (R) 1890
A break to either direction for further clarification to the next support or resistance areas as highlighted in grey.
Headline: CNBC, Big institutional investors are dumping bitcoin and going back into gold, JPMorgan says.
Thing is, I don't trust headlines. I like to trade to see what's in front of me because just a month ago they mentioned in April, they are now getting into cryptocurrencies where JPMorgan to Let Clients Invest in Bitcoin Fund.
All the best,
Trade Journal