Update GOLD (xauusd) long
On November 12, I posted a potential bullish setup on gold, and on November 14, I shared my bullish setup. As you can see, the green box marks where I took my first long position, and then around 2,547, I opened a second long. This was based on a daily timeframe analysis. The price built up very quickly and beautiful, just as I wanted to see. I’m now planning to let it run up to 2,850–2,900. It could go higher, but I’ll take my profits around that level without holding on in case the setup gets invalidated. I’ll monitor the price action to see if another opportunity arises for a long on short term timeframes, but for now, I’ll leave it.
For me, this was a beautiful setup, and I believe gold is heading toward new ATH.
For me, this was a beautiful setup, and I believe gold is heading toward new ATH.
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