Gold: buy the overshot pullback
Technicals
Gold broke strongly through the resistance level drawn, before closing slightly above it and then pulling back below it.
I have been long gold for a while and this 'overshot' pullback provides further buying opportunities.
Fundamentals
Following Brexit, we are likely to see UK, European and US stocks take further hits; further warnings from many UK companies; further warnings from the UK government. All these will likely drive gold higher.
Gold broke strongly through the resistance level drawn, before closing slightly above it and then pulling back below it.
I have been long gold for a while and this 'overshot' pullback provides further buying opportunities.
Fundamentals
Following Brexit, we are likely to see UK, European and US stocks take further hits; further warnings from many UK companies; further warnings from the UK government. All these will likely drive gold higher.
Trade aktif
Long
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.