OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello traders, new weak coming in. Game on!!!!

Last week, gold was moving astonishingly. Coming from a fundamental standpoint, the US economie is moving bearish, making gold and Bitcoin the safe havens.

Moving on to the technical, gold ended last week around the previously used support. In the longterm channel, price finally broke and came back for a retest. Currently a DB pattern. My entries will be strictly after confirmation from a bullish candle. 1st target will be 1930 then 1950.

DISCLAIMER: This should not provide financial, investment or legal advice. Trading set ups/analysis provided to you within are not solicitation to enter in to any trade, transaction or recommendation.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.