GOLD is hitting a major support level

In our series Futures trade of the week, Bulletproof Traders in-house trading activities present our current bullish outlook on the GOLD.

We have been bearish on the GOLD for the past 6 months, started right after price had hit an all time high and started to reverse for a downside technical correction.   

On its way down, we had declared $1714 to be the end of the road for that bearish move. We know that price will most likely get rejected off that strong support and shift back to its original upside trend.     

GOLD is hitting a major support level

* Bulletproof Traders is a members-only Forex trading club. Run by an elite team of traders and market analysts, using science based approach to master the art of trading.

Finally, after a 6 month correction, the GOLD had landed right on that major support level. At first, it looked like it was about to breakdown and go beyond that key level, but then it started to pull back up.

Watching that slicing spike forming across $1714 was exactly what we were waiting for to get our ball rolling. We had launched a bullish campaign with 2 new price targets at $2127 and $2461 respectively.          

Watch our video
Wait Before You Go...

If you join Bulletproof Traders Club 30-Day membership plan (for the price of a daily cup of coffee) within the next hour, you will get our award winning VIP Price-Action Trading course (Listed price $297) for absolutely FREE

It includes recordings of 16 video lessons (each around 30 minutes long) fully dedicated to price-action trading, based on our proprietary model - Cross-price Matrix. It’s all about a systematic and success proven trading methodology that have been built and refined over the last 20 years, packed to the teeth with valuable and practically applicable information.

Want to know more? Contact us at support@bulletprooftraders.com