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DAY_PROFITS
Apr 18, 2023 10:43 AM

GOLD's Bullish Momentum Favors Long Position Long

GoldOANDA

Description

The ongoing bullish momentum of Gold has persisted, having undergone a temporary pullback in the previous session while remaining supported by the dynamic trendline. This level of support has served to facilitate the emergence of a new upward impulse, resulting in a further expansion of the price. In view of this, our current assessment indicates a favorable environment for maintaining our long position in Gold. However, it is important to acknowledge that a potential alternative scenario may come into play if the price breaches the dynamic trendline, possibly triggering a bearish shift and allowing for the possibility of a subsequent price drop.
Comments
WalterMoon
Great analysis buddy, thanks for this chart !
UnitedSignals
Nice chart, cheers!
DAY_PROFITS
RLinda
Good look at the market, I think the price will reach the target soon) Thank you)
DAY_PROFITS
@RLinda, thanks
KlejdiCuni
Your content is very good. Keep up the good work mate!
DAY_PROFITS
@KlejdiCuni, cheers
DAY_PROFITS
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