OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold had tested the support level and broke its corrective channel up.
Gold is ready to renew highs amid a weakening dollar and overheating of the US market.
I am sure that 2021 will be very bullish for gold .

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Comments


interesting =D
+1 Reply
@Zivul33 exactly ... if it becomes a full cup and handle
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I have the same feeling like you. There is still room for gold to pump up to the 2000 zone :)
+1 Reply
kksa09 ronick
@ronick, right
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If the stock market corrects, what will XAU do? Crash as well and recover quickly, in March it crashed 14%.
+1 Reply
@DU09, If the market crashes, everything crashes. We consider gold to be a store a value, but it's still a risk asset.
Reply
Good one, keep it up!
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It's a cup pattern on the M time frame
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Classic cup n handle ...
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Great technical setup, thank you for sharing.
Reply
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