Gold is at a very good point for buy trades, as we can see i have a very strong level (1811) marked on my chart, this level has been used as very strong support and resistance before and i have a strong trendline marked on where price is currently making its 3rd push down to touch! These 2 levels line up perfectly so for me i can only see upside moves coming this week.
Line that up with the stock market having a fall and also Bitcoin falling heavily i can see investors jumping back into "safe assets" such as gold and silver.
I will be waiting to see where markets open tonight and if there are no considerable market gaps then i will be adding buy positions.
Hope you can use this analysis to your advantage, remember only take trades based on my analysis if your analysis also lines up.
Line that up with the stock market having a fall and also Bitcoin falling heavily i can see investors jumping back into "safe assets" such as gold and silver.
I will be waiting to see where markets open tonight and if there are no considerable market gaps then i will be adding buy positions.
Hope you can use this analysis to your advantage, remember only take trades based on my analysis if your analysis also lines up.