XAUUSD still Bullish
**Monthly Chart**
XAUUSD long-term bias is still high. Last month's candle closed as a bearish candle. However, it has a long wick on the downside. This confirms a continued move to the upside. XAUUSD looks bullish to me until it breaks 2000 level and below. While I am still looking for buying opportunity.
**Weekly Chart**
Last week XAUUSD started moving lower after testing monthly MC, then broke the previous weekly low only to pause around the previous demand zone. Long-term Bias is still Bullish on the Gold. However, there are also short-term counter-trend trades.
**Daily Chart**
Gold started Bullish after creating a Ring Low formation on a daily (Wed 14Feb) and gripped liquidity from the previous Imbalance Price Action (or Liquidity candle). Therefore, I am still bullish on XAUUSD and next target will be around 2060.
XAUUSD long-term bias is still high. Last month's candle closed as a bearish candle. However, it has a long wick on the downside. This confirms a continued move to the upside. XAUUSD looks bullish to me until it breaks 2000 level and below. While I am still looking for buying opportunity.
**Weekly Chart**
Last week XAUUSD started moving lower after testing monthly MC, then broke the previous weekly low only to pause around the previous demand zone. Long-term Bias is still Bullish on the Gold. However, there are also short-term counter-trend trades.
**Daily Chart**
Gold started Bullish after creating a Ring Low formation on a daily (Wed 14Feb) and gripped liquidity from the previous Imbalance Price Action (or Liquidity candle). Therefore, I am still bullish on XAUUSD and next target will be around 2060.
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Join our PropSignals Channels on Telegram
t.me/PropsignalAE
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Related publications
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.