Gold (XAUUSD)
Long
Updated

GOLD: Detailed View, Is Price Heading Towards $5500?

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Gold overview!

After the price built up, we're seeing a strong bullish move. Our earlier analysis today didn't quite work out, but this one points to two key areas where the price might turn around. The first zone is probably the better entry, since the market will open with a gap up and fill it before moving on. A profit target of $5500 looks pretty good.

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Team Setupsfx_
Trade active
Our trading setup is now active from our first entry price reversed nicely and currently we are up by 1500+ pips, you may consider closing your positions by 50% and set take profit at $5500

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Trade closed: target reached
Our trading setup is now completed with +3400 pips in profit.

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