Futures trade of the week - GOLD is hitting a major support level
In our series Futures trade of the week, Bulletproof Traders in-house trading activities present our current bullish outlook on the GOLD.
GOLD is hitting a major support level.
We have been bearish on the GOLD for the past 6 months, started right after the price had hit an all time high, and started to reverse for a downside technical correction.
On its way down, we had declared $1714 to be the end of the road for that bearish move. We know that price will most likely get rejected off that strong support and shift back to it's original upside trend.
Finally, after a 6 month correction, the GOLD had landed right on that major support level. At first, it looked like it was about to breakdown and go beyond that key level, but then it started to pull back up.
Watching that slicing spike forming across $1714 was exactly what we were waiting for to get our ball rolling. We had launched a bullish campaign with 2 new price targets at $2127 and $2461 respectively.
* Bulletproof Traders is a members-only Forex trading club. Run by an elite team of traders and market analysts, using science based approach to master the art of trading.
My name is Roy Levine, and I'm the co-founder and head of trading at Bulletproof Traders. We are helping traders from all over the world to become full-time traders and reach their financial goals. If you want to learn how to turn your trading into a profitable business, then you landed in the right place. You can learn trading secrets, trading strategies that work, improve your trading performance, and become a successful Forex Trader.
We understand what’s needed to be done in order to break through the hardship of this financial journey while saving you a great deal of time and money. Eventually, our goal is to show you how to dominate chart analysis to the point of producing outstandingly accurate forecasts and price predictions.
Most importantly, we will show you how to become a successful Forex trader with a proven track record and systematic approach.
Join us and learn how to make money in Forex trading, learning the best trading techniques and trading secrets.
GOLD is hitting a major support level.
We have been bearish on the GOLD for the past 6 months, started right after the price had hit an all time high, and started to reverse for a downside technical correction.
On its way down, we had declared $1714 to be the end of the road for that bearish move. We know that price will most likely get rejected off that strong support and shift back to it's original upside trend.
Finally, after a 6 month correction, the GOLD had landed right on that major support level. At first, it looked like it was about to breakdown and go beyond that key level, but then it started to pull back up.
Watching that slicing spike forming across $1714 was exactly what we were waiting for to get our ball rolling. We had launched a bullish campaign with 2 new price targets at $2127 and $2461 respectively.
* Bulletproof Traders is a members-only Forex trading club. Run by an elite team of traders and market analysts, using science based approach to master the art of trading.
My name is Roy Levine, and I'm the co-founder and head of trading at Bulletproof Traders. We are helping traders from all over the world to become full-time traders and reach their financial goals. If you want to learn how to turn your trading into a profitable business, then you landed in the right place. You can learn trading secrets, trading strategies that work, improve your trading performance, and become a successful Forex Trader.
We understand what’s needed to be done in order to break through the hardship of this financial journey while saving you a great deal of time and money. Eventually, our goal is to show you how to dominate chart analysis to the point of producing outstandingly accurate forecasts and price predictions.
Most importantly, we will show you how to become a successful Forex trader with a proven track record and systematic approach.
Join us and learn how to make money in Forex trading, learning the best trading techniques and trading secrets.
