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ForexTrendline
Nov 8, 2021 12:37 PM

First buying opportunities on GOLD  Long

GOLD / U.S. DOLLARICE

Description

We've been waiting for this moment for a long time and we understand everyone who wasn't patient enough to buy.
Until now, for us there wasn't enough basis to make an entry and we were actually looking for another drop.

Today we already have our first buying opportunities on GOLD.

The first resistance right now is at 1830 which we expect to be reached soon and later on probably even higher values.

On this stage, probably the best scenario is to wait for a possible pullback to around 1800 and then make an entry with targets above 1830.

This is the main trading idea as of right now.
Comments
jojofang0901
nice to see your bullish bias now thx
ForexTrendline
@jojofang0901, it was about time :)
Mahtab_Tradia
Nice outlook! Thanks for sharing
ForexTrendline
@Mahtab_Tradia, thanks and you're welcome!
gamedummy777
same idea, i think gold will consolidate first before continue move up. Thanks for sharing
ForexTrendline
@gamedummy777, you're welcome :)
KlejdiCuni
Very nice job
Mihai_Iacob
great analysis!
KlejdiCuni
Well done!
TheSignalyst
Exactly, I will be looking for buy setups on the retest too. the bulls are in full control as you mentioned
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