Gold has been ever so good to us! All of the set ups have been playing out perfectly.
For the current set up, we could gain an entry from the 4H level and then ride it up. BUT to play it safe, wait for price to break the daily level and get in on the retest and ride this precious metal up the channel resistance.
@Wicktator Your prediction is looking good so far, price action has unfolded exactly as you predicted. But do you think the next move up is likely from here - is there enough momentum right now?
WicktatorFX
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@GoldenPig20, Momentum seems to have died out a little and USD strength seems to be coming back which will likely make gold fall. Going to analyse the gold index for the next moves. What are your thoughts?
UnknownUnicorn4127247
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I am totally agree with you!
V808
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Excellent analysis!!
DennisCollins
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buy gold and sell eurusd? how possible?
WicktatorFX
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@colli21, going based on purely what I see on the chart. Thats why I put the safe entry there as that could either mean - USD still bearish or the price per ounce of gold has increased despite USD bullishness