Gold loves tragedy...are we going to see higher highs?

XAUUSD

If you haven’t read my previous ideas, please do so it will help understand where we are with gold. As tensions rises between USA and China, gold is getting the necessary bullish boost. I'd appreciate a like and follow as it motivates me to continue to post.

DXY is taking a dive as of now due to COVID-19 and current events as mentioned above. Fundamentals are driving this bullish move by the horns.

Confluence zones are confirming Key level zones as mentioned above. We are a long way from support, so stop hunts are possible.

I will wait for further confirmation before moving up , if you’re following me we have been in this journey since 1890s zone. Safe travels and plan accordingly with fundamentals/technical. My next TP is 1988, slight price rejection on 1981 so lets see where the next candle forms!

Trade active:

As I mentioned, a stop hunt and classic pullback scenario occurred. Now we retraced to 38% on the Fibonnaci and key levels were tested all the way from 1981 to 1927. As it stands gold will continue to test resitance at 1941, before any further action can be taken. Always wait for confirmation my friends, do not allow FOMO(Fear of Missing Out) to blow your account.

Trade closed: target reached:

Closed in profits, entered a scalp at price rejection with confirmation. Check my latest idea for my current.