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XAUUSD/ Gold bullish scenario

TVC:GOLD   CFDs on Gold (US$ / OZ)
I'm a bit indecisive with Gold seeing that it could go either way but I lean more on thee bullish side for the following reasons;

  • Gold and Silver have recently started moving together again as we've noticed, and Silver gave a clear bullish signal

  • We have a double bottom that formed and gave us the bullish movement we've recently witness.

    These reasons aren't enough for me to open any position, so I will wait for it to break out of the resistance cluster and take my profit at 1842 and 1868

Trade active
Trade closed: target reached:
TP1 Hit
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