Gold signal hits the take profit – Triple top on the cards!
Arslan Butt•Friday, August 24, 2018•1 min read
What’s up, traders.
I hope you enjoyed our forex trading signal on gold. The yellow metal traded exactly in line with our forecast Gold testing 20 MA – $1,188 a crucial level to trade today. What’s next?
Gold – 2 Hour Chart
Taking a look on the 2-hour chart, gold has crossed above 20 -periods moving average which is signaling the bullish trend in gold. At the moment, gold is trading near $1,191 and it’s likely to go after $1,194 and $1,197 upon the violation of triple top pattern. The pattern is extending a strong hurdle at $1,192. Once again, I will be looking to stay bullish above $1,188 to target $1,197.
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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