GOLD 09/05 - BUY force is still strong
I WAIT FOR GOLD TO BREAK THROUGH THE 2034 RATE AND CONTINUE ADVANCE TO 2040, 2045 IS MY FINAL GOAL.
The world gold price today increased slightly with spot gold increasing by 5.9 USD to 2,021.5 USD/ounce. Gold futures last traded at $2,029 per ounce, up $4.3 from dawn the day before.
Last week, gold pushed up to $2,085 after the US Federal Reserve (Fed) decided to raise interest rates by 25 basis points and switch to a more neutral monetary policy. With the new data released, analysts have reassessed that the central bank will not be able to pivot and cut interest rates in this environment. Gold prices fell sharply as market expectations about interest rates continued to change.
I will activate the buy breakout strategy when it breaks out of the 2034 zone and closes the candle above it
Next I will activate the sell strategy at 2045, 2048
Sell Gold 2045-2048
Stoploss 2054
Take profit 1: 2040
Take profit 2: 2035
Take profit 3: 2020
The world gold price today increased slightly with spot gold increasing by 5.9 USD to 2,021.5 USD/ounce. Gold futures last traded at $2,029 per ounce, up $4.3 from dawn the day before.
Last week, gold pushed up to $2,085 after the US Federal Reserve (Fed) decided to raise interest rates by 25 basis points and switch to a more neutral monetary policy. With the new data released, analysts have reassessed that the central bank will not be able to pivot and cut interest rates in this environment. Gold prices fell sharply as market expectations about interest rates continued to change.
I will activate the buy breakout strategy when it breaks out of the 2034 zone and closes the candle above it
Next I will activate the sell strategy at 2045, 2048
Sell Gold 2045-2048
Stoploss 2054
Take profit 1: 2040
Take profit 2: 2035
Take profit 3: 2020
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