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GOLD Trade Idea
Gold is 6% up from its origin.
- Commodities are soaring up reason behind it is the Israel-Hamas war.
- I do not have any reason to initiate a trade in gold until I see a good reaction or weakness
- Solid trade execution and risk was favorable when Gold was trading near the Bullish Origin
- Gold has made the second-largest weekly gain in 3.5 years.
- This war can easily result in Gold trading or mitigating the 2000s zone.
- I will wait for a base to form in STF first to initiate any longs as of now, I will only sit back and be a hawk.
- Commodities are soaring up reason behind it is the Israel-Hamas war.
- I do not have any reason to initiate a trade in gold until I see a good reaction or weakness
- Solid trade execution and risk was favorable when Gold was trading near the Bullish Origin
- Gold has made the second-largest weekly gain in 3.5 years.
- This war can easily result in Gold trading or mitigating the 2000s zone.
- I will wait for a base to form in STF first to initiate any longs as of now, I will only sit back and be a hawk.
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