Trading With Linorth
The tentions are rising between US and Iran. A big possibility for a positive gap up on #Oil and #Gold.

For now I suggest you avoid shorting gold. It could break the historic high during the attacks in upcoming days.
Linorth 🕵, edited  

5 comments

Naushaad Subrati
So gold is now gonna be overbought ?? Should the bulls be stepping in ??
Elknit
Naushaad Subrati
So gold is now gonna be overbought ?? Should the bulls be stepping in ??
You mean bears..?
Naushaad Subrati
Yeahh is that gonna be the overall market drive tomorrow??
Linorth
Naushaad Subrati
So gold is now gonna be overbought ?? Should the bulls be stepping in ??
I think there is a possibility that we get a gap up towards the 1600 price range and then we might see a small flag pattern and price moving higher after some consolidation and if an actual attack happens (on either side's military bases + some casualties) we might see a break of the historic high on gold!
Naushaad Subrati
The only time we'll get to know that is if we get a break from alerting us before any big hit master