Is Gold about to shoot higher?

Date of issue: 26/09/2018

Gold

Gold seems to be forming a foundation and it is showing more signs of a reversal to the upside. As we are expecting a potentially large sell off across the major indices, this sell (when it begins) will certainly drive up the price of Gold, as the investors who will be fleeing the stock markets will search for a safe haven to hide their money in, and Gold always comes up trumps in these scenarios. Our Swing Trade for Gold is as follows:

Buy Trade (at Market price)
TP 1287
SL 1160

The risk of loss in trading foreign exchange (forex) can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. The high degree of leverage that is often obtainable in forex trading can work against you as well for you. The use of leverage can lead to large losses as well as gains. Forex trading offers large potential rewards, but also large potential risk. You must be aware of the risk and be willing to accept them in order to invest in the Forex market. Don`t trade with money you cannot afford to lose.

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