Hello, i’m going to start sharing some of my public analysis here on ForexFactory, i’m open to discussions.
GOLD The year-end opportunity…
We are entering a strong period of seasonal flows, GOLD tends to run higher as demand picks us from Dec 23rd and keeps increasing through January, you can see this on the chart by yourself too, look at the past years for GOLD and you will see rallies in prices from exactly Dec 23rd, i have already set a few pending order and will look to add trough January.
We have two scenarios here, first one is a selloff of safe heavens given the positive outcome of trade talks, which would allow us to buy at the cheapest price, second scenario is an immediate break of the wedge and resistance which would turn into support allowing us to buy at the retest, we will not deploy capital until one of the two scenarios materializes, trade safe.
For more info on the trade: https://t.me/BeSomebodyFX
GOLD The year-end opportunity…
We are entering a strong period of seasonal flows, GOLD tends to run higher as demand picks us from Dec 23rd and keeps increasing through January, you can see this on the chart by yourself too, look at the past years for GOLD and you will see rallies in prices from exactly Dec 23rd, i have already set a few pending order and will look to add trough January.
We have two scenarios here, first one is a selloff of safe heavens given the positive outcome of trade talks, which would allow us to buy at the cheapest price, second scenario is an immediate break of the wedge and resistance which would turn into support allowing us to buy at the retest, we will not deploy capital until one of the two scenarios materializes, trade safe.
For more info on the trade: https://t.me/BeSomebodyFX
BeSomebodyFX