Platinum’s Mega Move on Gold! Don’t miss this opportunity!
Good morning Platinum Subscribers,
Thank you so much for all the comments we received in regards to our previous article about CAD/JPY and the lesson on the Reverse Head and Shoulders Pattern. Our job as successful traders has been done and we now just wait for the market to get to us and allow for the money to grow in our accounts.
In today’s article, we are bringing to you another chart and a wonderful trade opportunity on Gold which is based yet again on another chart pattern.
Last year, Platinum members took over 1750 points from one trade on Gold and we plan to do it again!
This time we will be sharing with you a trade idea that presented itself to us in the form of a Symmetrical Triangle.
Let’s understand what is currently going on with Gold.
Gold is well known in the trading world as a safe haven asset and is also better known as the fear trade. The reason being is quite simple: There is a lot of political instability in the world right now. Here at Platinum, we believe investors will always choose to buy Gold as an insurance asset, a hedge against tail-risks and spikes in volatility that seem increasingly likely against the backdrop of geopolitical tensions and anti-establishment sentiments in the political arena.
Gold Retains its Value
Gold retains its value not only in times of financial uncertainty but as well in times of geopolitical uncertainty. It is often called the “crisis commodity,” because people flee to its relative safety when global tensions rise. During such times, it often outperforms other investments. As this looks exactly like the current global scenario, this could be a good reason to trade Gold over the next 6 months. Hopefully, these previous commentaries solidify my fundamental view on buying Gold in the current market conditions.
- Gold is Trading within a long-term Symmetrical Triangle
- The Ascending Trending Line is being respected to the pip and has had 4 previous touches
- Entry is at the 5th touch which is in a confluence of the 38.2% Fib retracement
- 38.2% Fib is Platinum’s Stop Hunt value by Fib Law
The chart below highlights how Platinum members are going to Trade Gold using Platinum’s Trap Zone Trading Strategy!
How do we plan to trade the next 6 months?
JULY: The summer doldrums are in place already and we are experiencing low liquidity in the markets. There are three major forex trading strategies to use in this month:
Strategy Number 1: End of day strategy
Number 2: Extreme zone strategy
Number 3: Trading the trap zones
Pairs to be traded: Swiss Franc, Gold, Canadian Dollar & Aussie dollar.
Would you like to learn how to trade the rest of the months of 2017 through institutional trading strategies and make 2000 fx Pips just based on seasonal analysis?
If your answer is yes, then get in touch with the Platinum Team. It will be our pleasure to answer your questions.
Hopefully, you have enjoyed today’s article as much as I have enjoyed writing it for you to read. See you in the next one.
The Platinum Formula:
Perfect Fundamentals + Perfect Technical Analysis + Perfect Logic + Perfect Risk Management = Perfect Trade
THE PLATINUM WAY
At Platinum, we teach all individuals from different walks of life to become a full-time trader or create a secondary revenue stream by trading part-time. We trade in an Institutional Way by letting the market come to us and being patient. Using Platinums Trading system you can take many Pips out of the market. We can ensure using this style of trading your trading will make a turnaround as you will become much more consistent.
If you want to trade like the professionals do, making consistently profitable returns from your trading, get in touch with us and we will demonstrate live exactly how we approach the markets.
Hopefully, you have enjoyed today’s article. Thanks for reading!
Have a fantastic day!
Live from the Platinum Trading Floor.