FUNTRADER-Vera

7.17 Outlook: GOLD

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Traders,

We have 5 lines here showing some info.
And this chart is what we are going to follow in the following 2 -3 weeks.

The red weekly trendline or support line is what stopping GOLD dropping more . So consider it valid as a support line.
The green one is what GOLD going to face if it want to get more bull power from more buyers. They need confidence before joining the bull club.
Those three blue lines are three targets for gold after breaking that green line.

Clear?
Lets see how good can gold go technically.
Of course, keep focus on the fundamental triggers.

Less is more!
Comment:
So we are waiting for this trendline to be confirmed as valid since last week.
Check our ideas.
Comment:
Comment:
That red weekly line is now not valid anymore.
Comment:

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