FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar


Gold held the previous resistance level for the last 3 days of trading session and closed above the key level of 1800.00, thus indicating that Bulls have full control going forward. Gold is trusted during a time of war and uncertainty. With the US economy on the brink of collapse and ongoing issues with Russia, we can anticipate and expect Gold to rise exponentially. Long term opportunity will be great for swing traders as Gold begins to mitigate from 1800.00 and target the next key level at 1850.00, creating a new range back towards the current high of 2070 which presents equal liquidity at the 2070.00 level. Wycoff on all times frames is lining up for an accumulation after the close above 1800 on the 4h, Daily, Weekly, and Monthly time frames. Buy Buy Buy!!!

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