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?