FX:XAUUSD   Gold Spot / U.S. Dollar
Going long on GOLD             .

Refer to chart.

1) Bullish Harmonic pattern - potential TP at 50% - 62% (= supply zone )
2) Cup and Handle - break and retest of the neckline suggest the price could go further up
3) Bullish Flag from the cup and handle - TP near 2nd Supply zone - 50%
4) Price action showing higher highs and lower highs

Currently waiting for opportunities to go long at demand zone or FIB levels on confirmation of reversal candlestick .

PS: this is just our thoughts on the market. Do NOT take this as a trade signal.

Thank you.

Movingwfx

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