isthatjm1

XAUUSD DAILY CHART ANALYSIS

Long
isthatjm1 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is currently in an upwards trend and should continue to follow the trend until it hits my resistance zone as illustrated, once it hits my zone, price should come back down or a correction could potentially occur.
(XAUUSD is currently portraying higher highs and has no sign of a retracement so far).

What does everyone else think ?
Comment:
Gold is currently at an all time high so a big drop is potentially coming
Comment:
near an all time high*
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.