GOLD Continues Up as Predicted

2 min read
tarantula fx

tarantula fx

Head of Trading
  • GOLD Buyers are relentless
  • Crisis induced trend
  • Huge risk off
  • 1991 next target

  1. Swing before the drop
  2. Swing low
  3. Ascending trend up
  4. Entry zone
  5. Target

GOLD has bounced due to risk off as the Russia-Ukraine crisis continues. The prevalent trend was bearish that has turned into a crisis induced bullish trend. I made an entry at 1906 confirmation on H4 timeframe. At this point its +600 pips of profit. We should see a continuation up towards 1991. Gold is a safe haven and buying the dips is the scenario as long as the crisis lasts.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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