🏛GOLD LONG FROM SUPPORT ↗️WILL GO UP🚀

☑️WHAT HAPPENED TO GOLD AND WHY:
We saw Gold broke out of the falling resistance
Which suggested bullish continuation on Gold
However, Bullion fell massively on 6th or January 2021
And continued falling further below the recently broken resistance
Which might have something to do with Biden being confirmed to be the next president
On the 6th of January, which decreased the still present uncertainty among the mkt players
Thus decreasing demand for gold as safe haven ↘️

☑️GOLD TRADING PLAN
Now the price reached a support confluence
Of a horizontal minor support
And a falling support line
And I think Gold will try to win back the previous gains
Therefore, you can see 3 targets for a long trade
Target 3 being the final one within this trade idea↗️

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Kommentera:

🔥Target 1 reached!🔥