G88 gearing up for some big moves anytime before Christmas Gold
G88 is riding above the well respected 100SMA after crossing above for the first time in July this year for a long 2 years.
I see this ascending triangle ticking along until Dec 31 at the latest but with XAUUSD Gold price movement lately this move could come a'lot sooner.
Option 1 - G88 keeps riding the upward trend until popping through the 9c resistance. From there on I expect 13c will be the first stop.
Option 2 - We get a rejection and fall below the rising trend and drop down to test previous 5c support.
Accumulating a healthy holding of these guys but making sure to keep a tight stop loss set. Markets are volatile at the moment... Plenty of money to be made but make sure to secure you're profits and not get too cocky.
I see this ascending triangle ticking along until Dec 31 at the latest but with XAUUSD Gold price movement lately this move could come a'lot sooner.
Option 1 - G88 keeps riding the upward trend until popping through the 9c resistance. From there on I expect 13c will be the first stop.
Option 2 - We get a rejection and fall below the rising trend and drop down to test previous 5c support.
Accumulating a healthy holding of these guys but making sure to keep a tight stop loss set. Markets are volatile at the moment... Plenty of money to be made but make sure to secure you're profits and not get too cocky.