Gold- Break up soon?
Updated
I'm bullish Gold for 2 weeks now, and the price evolution didn't disappoint me with XauUsd breaking above a lot of resistance levels in this period.
In yesterday's comment, I stated that in my opinion, we will not have much of a correction and that 1830 support will not be tested, at least in the case of a bullish Gold scenario.
In short term, we are in a clear ascending triangle and a break above 1870 would expose my 1900 target in the next few days.
At this moment my long trade from last week is running with 200 pips profit but those of you who are not in a trade can look to buy dips around 1860 or trade the 1870 break, both with TP at 1900.
This scenario is invalidated by a drop under yesterday's low.
In yesterday's comment, I stated that in my opinion, we will not have much of a correction and that 1830 support will not be tested, at least in the case of a bullish Gold scenario.
In short term, we are in a clear ascending triangle and a break above 1870 would expose my 1900 target in the next few days.
At this moment my long trade from last week is running with 200 pips profit but those of you who are not in a trade can look to buy dips around 1860 or trade the 1870 break, both with TP at 1900.
This scenario is invalidated by a drop under yesterday's low.
Note
Gold is trading above triangle s resistance.Needs to close in 1875 or above and not reverse under 1868 to remain strongly bullish
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t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
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