TradingView
VasilyTrader
Jul 14, 2020 2:24 PM

GOLD (XAUUSD): Update & Thoughts Long

Gold/U.S. DollarFXCM

Description



gold is still trading within a major daily/4h rising channel.

after setting a new higher high higher close within that, the price started to consolidate.
the market formed a bullish flag pattern setting a sequence of lower lows and lower highs on 1H.

to catch a bullish continuation, you can wait for a bullish violation of a flag.
then buying on retest we can get a great trend following trade.

next goal will be 1823.0


in case of a bearish violation of a major channel, bias will shift to bearish

Comments
VasilyTrader
are you still bullish on gold?
DragonCaptain
Appreciate and applause your simple but unique and clear ideas. Keep it up bro.
DragonCaptain
Mate it's working so well.
DragonCaptain
@DragonCaptain, we are on same page
SparkBridgeAssociates
Nice analysis;) Love it. Here's my analysis:
Olutobi-Ogunsemore
I also have my eye on gold ,
VasilyTrader
@Olutobi-Ogunsemore, good outlook!
MayChen816
Thank you for sharing)))
VasilyTrader
@MayChen816, you are welcome☺️
usmand
Nice thoughts, I was also thinking about this pattern but you made it bro.. I am also in buying.. Keep it up
More