If you are looking for something different and potentially an easy and quick winner Gold is back on the Bull run.
After a solid run up it has retraced and bounced off 1306.65 (The Black Line) and the 50 (The Red line). This is a classic bounce area. Gold can be brought now around 1330, with a Stop loss under the last bar around 1320, and a target of 1355.
If you are going to make dollars your decisions need to make sense. This is a quick in and out trade.
I have no buy and hold positions on Gold and wont be taking any while I am giving my thoughts on it. I will trade it, and if you follow me you can to.
Lets make more dollars from common sense trades.
I hope that people have banked some profits off this trade, i certainly did as we are here to trade.
I am not saying you have to sell but my targets are reached.
I hope you enjoyed, I will be posting many more profitable trade ideas.
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Me personally I am more focused on crypto now i am retired previously it was a frowned upon industry and not something I could advise to clients. I would suggest trading crypto over gold any day due to your yields will be far greater with less capital input.