GOLD (XAUUSD): The ONLY THING You Need to BUY Long

GoldOANDA

Description

⋅ Apr 10, 2021 10:32 AM

Gold is currently retesting a major daily support cluster-based on 2020/2021 price action.

It looks like the market is preparing for a trend reversal and initiation of a strong bullish impulse.

To catch that, wait for a daily breakout of the underlined structure (we need daily candle close above).

Then the broken structure will turn into support and it will give us a safe point for buying.

Next goal will be 1811

While the price is below the yellow zone, the closest buying point will be a recently broken major trend line .

Please, support my analysis with like and comment!

Comments

VasilyTrader

⋅ Apr 10, 2021 10:32 AM

Do you agree with my trading plan?

nagersflexy

⋅ Apr 17, 2021 11:35 AM

very nice 👌

rbmcrand133456789

⋅ Apr 11, 2021 4:39 PM

1700 first then up to 1800

VasilyTrader

⋅ Apr 11, 2021 9:44 PM

@rbmcrandal1234, thank you for comment my friend :)

bossmadep88

⋅ Apr 11, 2021 3:21 AM

I do but the dollar might have a surprise for gold this week but it will definitely reach that break zone then we wait and see but definitely great analysis

VasilyTrader

⋅ Apr 11, 2021 9:43 PM

@bossmadep88, thank you for comment bro 🙏

Sophiaelias

⋅ Apr 10, 2021 2:13 PM

Absolutely and confirmation is the double bottom 🙃

VasilyTrader

⋅ Apr 10, 2021 6:37 PM

@Sophiaelias, thank you for comment buddy!!!