eu.l.seng
Long

GOLD- STILL BULLISH

FX:XAUUSD   Gold Spot / U.S. Dollar
99 views
5
From weekly chart, buying/demand is still good, and formation is forming a wedge now. Good buying area is around 1313-1311. with tight stop loss.
Comment: look at the last 4-hourly chart; it looks like a retail flush, so very strong buying.
Comment: From the weekly price action, its still looking bullish - with declining price, but not the volume.
Comment: The weekly volume is relatively low in the pullback.this week. So remain bullish outlook !
Comment: The price is still testing the PF's ML now - at a critical juncture. If it holds, looking for a buy from here or next week.
Comment: Buying volume is still strong, nicely set up for 1670 TP

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