Xauusd more upside?
As you can see gold formed a double bottom at 1810 creating a high impulse to the outside.
On Friday Gold broke a major resistance level at 1883 levels and closed a daily bullish candle above of the resistance levels so this shows major upside for gold .
Im looking for a bit of a correction to the downside before going further up to test 2000 areas again. Remember Last year The famous situation between Russia and Ukraine ? Same thing happening now in the Middle East so this means fundamentally speaking gold will continue to the upside . However 1940's level and 1950 level is a major resistance( double top on Daily time frame) level where gold can do a small correction from it . So in my opinion gold will do a small correction here.
On Friday Gold broke a major resistance level at 1883 levels and closed a daily bullish candle above of the resistance levels so this shows major upside for gold .
Im looking for a bit of a correction to the downside before going further up to test 2000 areas again. Remember Last year The famous situation between Russia and Ukraine ? Same thing happening now in the Middle East so this means fundamentally speaking gold will continue to the upside . However 1940's level and 1950 level is a major resistance( double top on Daily time frame) level where gold can do a small correction from it . So in my opinion gold will do a small correction here.
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