Strong weekly upward trend on $XAUUSD heading for new ATH
Gold is making another move up in this bull run. It will should attempt to set a new ATH. If gold closes a few weekly candles above 1900, it will find strong support at 1900, Ichimoku Cloud shows.
If gold cracks 1750 area on a weekly basis, then the trends are broken. This is an analysis is for a long term trade of approximately 3 months. I would be looking to buy in the mid 1800s (not near cracking 1800 though) and the low 1900s.
Fundamentals are strong, long term trends strong. It does need to find some more short term momentum.
If gold cracks 1750 area on a weekly basis, then the trends are broken. This is an analysis is for a long term trade of approximately 3 months. I would be looking to buy in the mid 1800s (not near cracking 1800 though) and the low 1900s.
Fundamentals are strong, long term trends strong. It does need to find some more short term momentum.