Following our previous analysis on GOLD, our long term view is definitely bullish and supported by both fundamental and technical analysis.
We will kkeep approaching the precious metal everytime there is a significant correction, as can be seen on the weekly chart.
Our entry is at 1928.79, with very tight stop at 1908.50.
We will manage the trade up to 3,000 where our target is. Positions will be either partially closed at previous historical highs, or managed at those levels by raising our SL into profits.
We will kkeep approaching the precious metal everytime there is a significant correction, as can be seen on the weekly chart.
Our entry is at 1928.79, with very tight stop at 1908.50.
We will manage the trade up to 3,000 where our target is. Positions will be either partially closed at previous historical highs, or managed at those levels by raising our SL into profits.