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VasilyTrader
Apr 14, 2024 10:37 AM

GOLD (XAUUSD): The Escalation in Middle East 🏆 Long

GoldOANDA

Description



With the Iranian attack on Israel this night,
Gold may open with a gap up.

Before the market closed, the price already reached
a significant intraday demand zone based on a support line
of an expanding wedge pattern and a horizontal support.

The closest resistance can be 2400.

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Comment

Nice bullish move!
Comments
sybil123
Thank you for your analysis. I hope gold is still bullish because friday was crazy
VasilyTrader
@sybil123 thanks man let’s see
VasilyTrader
Are you bullish on Gold?
joelmamba
gold might suffer from trend exhaustion this week

so ..... I see a bearish gold market
amirpacman27
@joelmamba gold hit over 3000$ last night and is currently at 2440$ so will be huge gap of 600$
tradingfun45
@amirpacman27 no one expected that big drop. so no one will be 100% sure. and also Gold has been ignoring everything now, so these ideas sharing is all psychological now.
amirpacman27
@tradingfun45 pax gold is linked to xauusd and hit a record 3300$ last night, gold will follow suit in a few hours and will open with the biggest gap in history 2600-2700$ pin this please and remember me in a few hours my friend
tradingfun45
and so is DXY but look what's happening.. it will go up maybe, but I don't want to argue. Hoping not all starting traders believe what other's opinion affect their decision and start to gamble
VasilyTrader
@joelmamba fundamentals can push it higher after the opening
tradingfun45
@amirpacman27 your biggest gap in history didn't happen, but hey who's counting. let's trade not gamble here
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