Trade of the week - Short GOLD.
GOLD Price Prediction July 2019
Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities in price trends and patterns seen on charts. Each week we have a "trade of the week" we're we are presenting our top faviourite trade of the week. This week we share a trade that is a classic example of the types of setups we prefer to trade.
Bulletproof Traders in-house trading activities presents our recent trade execution on the GOLD. Targeting the short term cycle, we believe the GOLD is on it's way down, as part of a local trading range that is directing price action ever since last month.
The clear break below the support and key level of $1425 is an important indication that the price of GOLD is still trading sideways, and since it is coming off the upper part of that range, It is more than likely that it will finish up the move and head back towards the lower section which is best represented by the key level of $1395.
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