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Infinity_Limits_Trade
Jan 3, 2021 11:09 AM

Impulse to the upside. 2000 on GOLD? Long

GOLD (US$/OZ)TVC

Description

Hey traders! I still have the holidays and will try to come back after one more week or so. Need to give the market some time to find the better direction, but analysing the market today, I got some simple setup on Daily timeframe on GOLD. According to my previous 2 posts on GOLD - they played very well. And now I would like to introduce my main level of support and resistance with you guys. So Daily timeframe - you can clearly see my main support level is 1830 - 1855. We are ABOVE our MA50 on daily timeframe and there is new impulse already was formed. So potentially we are looking for HL (retest of MA50 / support level) and then continuation to the upside. My main target on this move will be 2000.
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