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VasilyTrader
Jan 13, 2024 9:17 AM

GOLD (XAUUSD): Time to Grow?! 🥇 Long

GoldOANDA

Description



I see multiple strong bullish signals on Gold after a test
of a key daily horizontal support.

The price violated and closed above a resistance line of a falling wedge pattern.
The market also formed an inside bar formation, the range of the mother's bar
was violated as well.

These 2 bullish confirmation indicate a highly probable bullish continuation.

Next resistance - 2076

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Comments
Overkilla
Nice, I agree, I am also bullish. What do you think about COT data -19000 longs for the most recent change?
VasilyTrader
@Overkilla, you know, last week was the week of manipulations, so I would not rely on that signal
Overkilla
@VasilyTrader, Oh okay, thanks
VasilyTrader
Are you bullish on Gold?
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