Hey guys, been some time since i posted... again. Here presents a good buy opportunity on GOLD
. First, we see a wedge
breakout at the 1160s followed by the rally to the 1190s. Then we had a doji
that spelled the end of the initial rally. Then as the buyers started tiring out, we witnessed a beautiful spinning top
with outstandingly high volume
. This signals a cue to long the pair as it shows the buyers are ready to go again. I would expect prices to head to 1220 in the Medium Term.
Comments and advice are greatly appreciated. This is purely my opinion on XAUUSD