Evaluate the trends and gold trading strategies


Evaluate the trends and gold trading strategies

Gold OANDA:XAUUSD



Gold prices continue to rise today, once again approaching the $2600 mark as we head into the weekend.

The upward trendline and price wedge both indicate that this precious metal is following a safe upward trajectory. However, selling against the trend when the price nears the trendline limit could still be a viable option.

My strategy is to sell in the short to medium term and buy for the long term. What about you? How do you see gold’s trend playing out?

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