Integrity FX

Exchange rate of $1,000 to ₦546.45 inscribed on a passport dated October 13, 1980.

Gold – Be Patient, the Sell Opportunity is Coming

Gold has been on a strong bullish run, gaining over 5000 pips since the beginning of the year. Year-to-date, it's up by more than 20%, positioning itself for its best annual performance since 2020, when it gained 25.1% (6200 pips).
Looking at the chart, it’s clear that the bulls are still in control, and I anticipate another 2000 pips increase before the year ends, potentially reaching my long-held target of 2700. However, instead of jumping in to buy, my strategy is to wait for the price to reach my sell zone.
I plan to patiently wait for the price to rise, then capitalize on the rallies by selling for a potential gain of at least 4000 pips.
Regardless of any analysis or view, always follow your trading plan.

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