XAUUSD UPDATE
No one can call every trade correctly 100% of the time (it's part of trading, be transparent with people).
I called a long opportunity from 1873 to 1923 (550 pips secured) but I then called a short from1923 :( which did not go to plan. If you look back on one of my previous GOLD analysis you can see I did predict GOLD to come back and test these current levels but I did not expect it to be so soon. Anyway lets carry on...I need to give more background to my trades as they take roughly 7 days to come through and I don't usually add in short term perspective or alternative routes a trade can take...I will start doing this more.
I think GOLD will start ranging between 1913 and 1950, I do believe at some point we will shoot back into the $2000 region as this is untested since breaking it. Bare in mind a close below $1907 would make this prediction invalid. GOLD can either reverse from the first blue line or we could push up into the second blue line, it all depends on price action and news.
60pip loss on the short but 550 pips in total on the long gives us 490 pips :) add in the OIL, GBPUSD and EURUSD trade and we are well over 1000pips into the first week of 2021 :)
Get following for an insightful 2021
I called a long opportunity from 1873 to 1923 (550 pips secured) but I then called a short from1923 :( which did not go to plan. If you look back on one of my previous GOLD analysis you can see I did predict GOLD to come back and test these current levels but I did not expect it to be so soon. Anyway lets carry on...I need to give more background to my trades as they take roughly 7 days to come through and I don't usually add in short term perspective or alternative routes a trade can take...I will start doing this more.
I think GOLD will start ranging between 1913 and 1950, I do believe at some point we will shoot back into the $2000 region as this is untested since breaking it. Bare in mind a close below $1907 would make this prediction invalid. GOLD can either reverse from the first blue line or we could push up into the second blue line, it all depends on price action and news.
60pip loss on the short but 550 pips in total on the long gives us 490 pips :) add in the OIL, GBPUSD and EURUSD trade and we are well over 1000pips into the first week of 2021 :)
Get following for an insightful 2021
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