GOLDEN PLAN WEEK 1 NOVEMBER: TIME TO TAKE PROFITS
💯UPDATE GOLDEN PLAN WEEK 1 NOVEMBER.
👉 The world gold market witnessed strong buying force in the past 2 weeks. Investor demand for safe havens increased amid tensions in the Middle East. Gold prices marked the third consecutive week of increase. This week, the focus of investors' attention in the gold market will be on the meeting of the US Federal Reserve (Fed) and the war situation in the Gaza Strip...
👉 The market has grounds to expect a tough stance from the Fed, given the stream of data showing the stability of the US economy. Data released Friday showed inflation falling slowly and consumption still growing.
👉 That will cause gold exchange-traded funds (ETFs) to continue to sell net. ETFs are an important force in the global gold market, while from the beginning of the year until now, these funds - typically the SPDR Gold Trust - have continuously been net sellers. Recently, gold ETFs started to buy net but the buying force is still weak.
👉 Plan on Friday and you won a nice Buy bet of 300 pips. This week, we expect the same odds from Sony
📌Trading plan this week:
🔽 Sell Gold Entry: 2019- 2022
SL 2025
TP 1996 - 1980 - 1945
🔼 Buy Gold Entry: 1960- 1958
Sl 1955
TP 1970- 1979
👉 The world gold market witnessed strong buying force in the past 2 weeks. Investor demand for safe havens increased amid tensions in the Middle East. Gold prices marked the third consecutive week of increase. This week, the focus of investors' attention in the gold market will be on the meeting of the US Federal Reserve (Fed) and the war situation in the Gaza Strip...
👉 The market has grounds to expect a tough stance from the Fed, given the stream of data showing the stability of the US economy. Data released Friday showed inflation falling slowly and consumption still growing.
👉 That will cause gold exchange-traded funds (ETFs) to continue to sell net. ETFs are an important force in the global gold market, while from the beginning of the year until now, these funds - typically the SPDR Gold Trust - have continuously been net sellers. Recently, gold ETFs started to buy net but the buying force is still weak.
👉 Plan on Friday and you won a nice Buy bet of 300 pips. This week, we expect the same odds from Sony
📌Trading plan this week:
🔽 Sell Gold Entry: 2019- 2022
SL 2025
TP 1996 - 1980 - 1945
🔼 Buy Gold Entry: 1960- 1958
Sl 1955
TP 1970- 1979
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