Dear traders, XAU/USD uptrend is still intact and the price of
Gold is being supported by the 100-hour moving average.
Every time the Gold touches the 100-hour mav, the price is bouncing
up further. So, as long as XAU/USD is above the hourly moving average,
you can expect it to rise further.
My recommendation would be to buy the dips. However, if price
falls below the 100-hour moving average, then you need to be careful
Gold is being supported by the 100-hour moving average.
Every time the Gold touches the 100-hour mav, the price is bouncing
up further. So, as long as XAU/USD is above the hourly moving average,
you can expect it to rise further.
My recommendation would be to buy the dips. However, if price
falls below the 100-hour moving average, then you need to be careful
Note
Price is still above the mav but the minor bullish flag has not been broken yetNote
Price breaks out above 2000 nearly 98 pips since I posted the idea
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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.