jojofang0901

GOLD Is it Ready for Upside ?

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar

Hello traders:

Looking at GOLD now for bullish price action opportunities.

I have been looking at GOLD for quite sometimes now, and waiting patiently for a HTF correction completion.

The current flag/channel correction seem to find a double bottoms, and we see bullish impulse phrase on the LTF .

The latest price is also in a descending channel structure, look for reversal completions.

I would pay close attention to any LTF continuation correction for the buys.

Thank you
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Comments

@jojofang0901, I agree with you!! To confirm the bullish phase of the Gold has to above $1815. With the recent volatility crypto currency is a tailwinds and raising bond yields are headwinds. Delayed stimulus package is another drag.. Overall it's the time to stay long on the Gold!!
+3 Reply
jojofang0901 Prasad_Ari
@Prasad_Ari, :) lets see how the market develops
Reply
totally AGREE 1740---1707 would be nice place to open long position on gold thanks for sharing
+2 Reply
jojofang0901 MMBTtrader
@MMBTtrader, your welcome :)
Reply
I think it's time to grow)
+2 Reply
jojofang0901 Yuriy_Bishko
@Yuriy_Bishko, lets wait and see :) thx
Reply
That is cool analysis! Thanks for sharing.
+1 Reply
jojofang0901 caldooninvestment
Reply
Thank you for sharing your thoughts and analysis.
+1 Reply
@Doji22 no problem glad to do so
Reply
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