Short Summary: Looking on to the chart of XAU/USD. A new trade setup seems promising for me. I see a high probability of a pump. Gold seems to be in a mood to glitter.
Main Content: Previously we shared the reason and opinion for the BTC. After sharing the possible reasons for the BTCUSDT decline. We shared the possible movement of BTCUSDT in the upcoming days which has gone as per the setup. Looking backward and forward I have shared the trade setup which seems profitable and promising.
While tracking GOLD I found that the Gold is now in a mood to glitter. This means an upcoming pump is waiting and yes, its not 1% or 2% I am talking about a bigger move. Looking on to the charts, fundamental analysis and macro-economics. All seems to be aligning with each other and I already booked a small profit and have my one open trade and a pending position as well as I am looking for a retracement as well which could be around 2588 USD/contract.
In the above chart, the entry levels have been stated. I don’t expect a manipulation at small level in gold. If that’s done it will be a traumatic instance (LOL). I am expecting a bigger move which possibly be breaking the ATH of GOLD.
The image says it all. You can open the image in new tab to look more into the details
After a further retracement we expect an upward move. The price points at right are the entries and I will be sharing the TP level in the later post.
I have shared one CRYPTO’s move and its playing out well and hint is that its gonna get a 50% move in coming days. Hint: Its one of the famous, under-rated and among the top-10 crypto.
Note: DYOR is mandatory, Ideas shared are personal opinion and should not be considered as a trading advice or consultation. We suggest you to consult with your portfolio manager or investment advisor for proper risk management.
