Gold, The next move

XAUUSD

Dear Traders,

I warmly welcome you to this free and educational multi-timeframe technical analysis on Gold.
From a weekly viewpoint, in my opinion, XAUUSD looks remarkably bullish . A Micro-double botoom formation with a previous low on the daily time frame, and the bullish trend has already begun as seen from last weekly close.
Everything appears to be pointing towards the onset of the next bullis move.

Currently, on the daily timeframe, we are experiencing a pull-back to the Broken resistance that might turn into support. Therefore, I am patiently waiting for my buy zone to be reached and will be looking on lower time frames for a good entry point in case I get my entry creteria validated.

Trade safely,
Trader leo.

Here is my previous analyisi on Gold

15:30

Comment:

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