GOLD Breakout is Imminent

Add to Bookmarks

In my opinion, GOLD is still bullish. Dips have been bought above 1770 and if 1790 breaks we should see 1810 and 1831. At this point the accumulation is happening and the breakout is imminent. However, if the range persists we could see 1770 again. I am mostly bullish now and expecting a long breakout.

For a look at all of today’s economic events, check out our economic calendar.

AdvertisementKnow where Gold is headed? Take advantage now with Start Trading

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Cheers and safe trading,