XAUUSD H4

208
Gold will continue to rise, we really think so, traders! also,
citing rising recession risks, geopolitical tension and inflation concerns

the price hit a record high at 161.8 fibonachi but crossed the upper bollinger line ,
and the RSI is showing a big overbought. the possibility of a correction is high ,
so we should wait for a consolidation above 3300!

TRADE IDEA: We consider buying XAUUSD if it consolidates above 3300:
TARGET: 3500

Let me know in comment if you are bullish in gold

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.