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20d (edited) • Charts + Analysis 📈📊
Gold Update: Trail Your Longs
Date: 26/01
For those of you who have managed to ride the Gold wave with us our trade is already giving you a 6:1 return! I'm hoping all of you have booked substantial profits and are now closely trailing your longs as we enter a slight resistance zone for Gold.
Our overall outlook and bullish view of course remains intact but this is a time to be cautious. Gold could pause / retrace from 5150 - 5200 levels. Any negative price action from close to these levels (we are already at 5110) should be considered as a warning sign and a possibility of a reversal. I recommend everyone to ensure that they've comfortably safe guarded their profits and are closely raising their trailing SL. Once a reversal does take place we will wait for the corrective to play out before we re-enter a new bullish Gold trade.
Sharing images / path of gold below on 4H and daily chart
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Gold Update: Trail Your Longs
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