decentshaw

XAUUSD Long

Long
decentshaw Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Hello Fellows!

We saw a beautiful breakout around 1709 and since Gold is staying bullish. I posted in my previous Gold analysis a few days ago. Gold Move exactly on the pattern and met the TPs. Congratulations who caught that move . We saw the last day the intent of the candlesticks. Its knocking at the door of 1766-67. And we know that the resistance become weak when candlesticks visits several times in a short period.

Anyways we have a beautiful cup on 4H TF chart. I am expecting more blues as previously in the days to come. Price may take a dip. But over all we are going south (hopefully). (1772-1780-1800)

On the fundamentals end, Recession Woes in US/World wide is supporting the Gold to be priced higher.
I hope you had a nice weekend.
Cheers and share your ideas on the post.

Comment:
Its North not South. Please
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