Upside potential on Gold

2020年3月20日

There's a few indications for us to be bullish on gold:

• Price is supported on the daily level at 1455 range
  
• The selloff on gold is slowing down
  
• Specifically, we can see accumulation with every sell off, which is signalled by the bullish green bars
  
• Once offers have been exhausted, we should see gold soar from a series of covers and new entries
  

2020年3月20日

注释

Quick chart to show the daily support holding up.

2020年3月24日

交易开始

Gold has rallied hard, currently still holding a long position:

2020年3月26日

交易结束：到达目标

Gold continued to surge. Trade exited as price begins to stall. There is a fundamental driver of a gold shortage. Typically, price should soar when there is a "shortage" of anything. I could possibly be making a mistake for getting out where I did.