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MountOlympusFx

Could Gold reach $1479?? (buy) Weekly, Daily, 4hr

Long
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
MountOlympusFx  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Chart Patterns Wave Analysis XAU USD Gold Forex Commodities DXY trading
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GOLD Thesis

- Weekly: Last weeks candle closed as a hammer after rejection off major level $1450 signalling bulls could be ready to take control of the gold market on higher time-frame.

- Daily: Double bottom has already taken place at $1450 major zone, with Friday candle closing strongly above $1459 4hr zone changing daily momentum to bullish. Next possible target for gold $1479.

- 1hr: Descending trend-line & $1459 was broken with impulse to the upside now waiting for a retest of this level, which is in confluence with 50%-62% Fib level. If level holds then we could see a bullish rally to $1479.
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