GOLD (XAUUSD): Classic Trend-Following Setup
In today's top-down analysis session with my students, we focused on gold.
Despite the slowing momentum, the market still exhibits bullish tendencies.
After testing a strong rising trend line on the 4-hour chart, we saw a significant bullish reaction.
The price broke and closed above the resistance line of a bullish flag pattern.
I expect the market to move higher, targeting 2,672.
Despite the slowing momentum, the market still exhibits bullish tendencies.
After testing a strong rising trend line on the 4-hour chart, we saw a significant bullish reaction.
The price broke and closed above the resistance line of a bullish flag pattern.
I expect the market to move higher, targeting 2,672.
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