Personally, I'm not convinced of this Bull "run"; First, there's not fundamental to substain the run in this period: Trade Deal front is quite, Brexit is on it's way and equity market is riding as there's no tomorrow.
Of course, equity surge too fast and it's going to drop on 2020, but this don't allow Gold to surge too now.
Furthermore, even if Past does not repeat itself for sure, just look at May 2019 where a BO occured: everyone screaming at the new bull run, but price dropped to the lowest level of previous week testing a triple bottom.
So, I'm not confident of this Bull and aiming to short again at 1490 at the upper band of rising wedge forming (red lines).
"BO May 2019"
Gl U all
Not trading advice
Of course, equity surge too fast and it's going to drop on 2020, but this don't allow Gold to surge too now.
Furthermore, even if Past does not repeat itself for sure, just look at May 2019 where a BO occured: everyone screaming at the new bull run, but price dropped to the lowest level of previous week testing a triple bottom.
So, I'm not confident of this Bull and aiming to short again at 1490 at the upper band of rising wedge forming (red lines).
"BO May 2019"
Gl U all
Not trading advice
Ide yang Berhubungan
Last leg down?
DangerRate
about GOLD