16.10.201915:50 Forex Analysis & Reviews: Gold swing

Good afternoon, dear traders. While EUR/USD continues to move slowly but surely to the north, with gold, everything has become more ambiguous.

Almost every day, there are interesting events in the world, one way or another affecting the US dollar, and therefore gold. Now, you can see versatile impulses for gold, a real swing, which is extremely difficult to earn. Fortunately, there is a way out of this situation.

At the moment, there are two medium-term levels for this instrument, which you can pay attention to – 1473.47 and 1516.95. In my opinion, trading between these two levels is now dangerous, because there is no clear direction. It would be much more interesting to trade only after a false breakdown of one of the levels, and the potential in both cases will be more than 400p on the fourth sign, which is a lot. Therefore, the recommendation for gold is now quite simple – you just need to wait for the implementation of our plan. I do not rule out that everything can happen not even this week.

I wish you success in trading and big profits!