Hameedfx

Gold (XAUUSD) Bullish Analysis

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
With reference to my previous observation posted on 06th August 2019 We are still in the zone of reaching that target of key resistance at 1550.
This week, the price may do some retracement till 1479-80 area which will be highly interesting for me to go long this pair. I will wait for a double retracement at 1480 area and then upon a bullish candlestick confirmation I will buy it....

If the price didn't retouched and wend more low than my next interest will be at 1452 to see for another bullish opportunity. But it may happen after two weeks. For now we are taking interest @ 1480 level with the target of 1540 - 1550 in mind.

Comments

I like your long analysis !
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