1737 March/April XAUUSD Bullish Target

Price moving along the long term channel as expected with a couple of touches on the mid-line this week. Trend continuation to target price 1737 will be supported by a price close above the mid-line each week. If price falls below the mid-line then the 1627 level is still open for a test.

Simply sharing my view on where the price could be heading to in the next two months if the bullish trend continues.

Trust your own analysis.

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Comment:

Price fell through the Yearly R1 Pivot at 1627 and supported above the yearly Pivot point, putting in the initial Wave A of a ABC Correction (further EW analysis coming in another post). The Wave B is now in formation and I am expecting it to achieve the initial target of 1737.

Simply sharing my view on where I saw the price heading throughout Mar/Apr.

This is not trading advice and is for analysis purposes only.

Trust your own analysis.

Trade closed: target reached:

Initial target achieved. Please see most recent idea for further analysis.