[vc_row][vc_column width=”1/6″][/vc_column][vc_column width=”2/3″][vc_column_text]The Gold/ Dollar (XAU/USD) price broke out above consolidation price pattern that started early August. Traders speculating about the upcoming US stimulus package that should be provided right after the US presidency will be concluded. Right now GOLD bulls have the opportunity to jump back in before Gold price catching next positive price momentum. Looking at the chart below, you can see the technical price breakout we had yesterday. Current price is at $1,948 level and our first Profit Target is at the $2,012 price level; that is a 64 points move higher that should happen sometime next week. In order to protect the trade, we use a stop loss order at $1,870.[/vc_column_text][/vc_column][vc_column width=”1/6″][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”2867″ img_size=”full” onclick=”link_image”][/vc_column][/vc_row]
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.