Hi all, its my first post on this forum.. Ive been trading for a couple of years and really knuckled down hard this past year.
Anyway..
So regarding gold, in these post brexit conditions. With all this uncertainty id be fairly sure gold with silver tagging along would hit 1400 by weeks end. However if this week is as predictable as Friday with so many obvious bull markets im not sure it will. I wouldn't be surprised if it does go from 1315 to maybe 1345 within the first 6-12 hours after open but if like Friday there's clear bull markets the money might not be in gold therefore pull back as traders take profit and put their money into other trades. Whilst under any circumstance i do not expect gold to lose anything by close Friday im not sure its going to be as highly profitable as it could be.
If the market opens and its all over the place id expect gold to make big gains Monday through Wednesday, pull back a bit then reach 1400 by close Friday.
exciting times ahead indeed.. after Friday i wanted to share my thoughts with others and see what they think. Good luck this week and make some money, Be wary of the Bank of England especially dumping 500 billion into the market and causing some weirdness.
Anyway..
So regarding gold, in these post brexit conditions. With all this uncertainty id be fairly sure gold with silver tagging along would hit 1400 by weeks end. However if this week is as predictable as Friday with so many obvious bull markets im not sure it will. I wouldn't be surprised if it does go from 1315 to maybe 1345 within the first 6-12 hours after open but if like Friday there's clear bull markets the money might not be in gold therefore pull back as traders take profit and put their money into other trades. Whilst under any circumstance i do not expect gold to lose anything by close Friday im not sure its going to be as highly profitable as it could be.
If the market opens and its all over the place id expect gold to make big gains Monday through Wednesday, pull back a bit then reach 1400 by close Friday.
exciting times ahead indeed.. after Friday i wanted to share my thoughts with others and see what they think. Good luck this week and make some money, Be wary of the Bank of England especially dumping 500 billion into the market and causing some weirdness.
