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GOLD (XAUUSD): The ONLY THING You Need to BUY
Gold Spot / U.S. Dollar
Long
GOLD (XAUUSD): The ONLY THING You Need to BUY
By VasilyTrader
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Updated
Apr 12, 2021
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Apr 10, 2021
Gold is currently retesting a major daily support cluster-based on 2020/2021 price action.
It looks like the market is preparing for a trend reversal and initiation of a strong bullish impulse.
To catch that, wait for a daily breakout of the underlined structure (we need daily candle close above).
Then the broken structure will turn into support and it will give us a safe point for buying.
Next goal will be 1811
While the price is below the yellow zone, the closest buying point will be a recently broken major trend line.
Please, support my analysis with like and comment!
Apr 12, 2021
Note
Check my new idea on GOLD:
Chart Patterns
futures
Gold
Silver
Trend Analysis
Wave Analysis
XAG USD ( Silver / US Dollar)
XAUUSD
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