Time to Buy for Gold - LONG

Hello,
I think there is a strong resistance around 1808.00 and the price gonna go up. (LONG SETUP)
It is reasonable to think it can reach 1830 again

Go big or go home

This is not a profesionnal advice, be careful ! But i think there is a very big chance to go up now.

Live long and prosper

Kommentar:

Hello Traders,
Let's keep in touch with this idea.

1) Investors now await the Bank of England’s policy decision, due to be handed down later in the day.

2) For gold to breach the $1,835 , we need a very bad news :)
(resistance level).
a much poorer than expected non-farm payrolls... Another is a rapid flare-up of Delta variant in the United States which could lead to lockdowns and social distancing

Kommentar:

Hello,
There is a risk of small reversal.
If you didnt buy yet, i suggest you to wait a little bit.

A sustained break below the 21-DMA support at $1811 could expose the ascending 100-DMA at $1804 and the psychological $1800 mark

Kommentar:

Last update for this chart
I would recommand to cancel this order.

Let's wait for the Bank of England

Kommentar:

This chart is invalided now ! don't follow it anymore