naked_chartist

bullish outlook on Gold

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Buyers managed to break the previous lower high structure to form a higher high while sellers failed to make a lower low which rendered Gold to change direct from bearish to bullish. The buyers were strong enough to form a new higher high than the one they formed already. I have placed a buy limit at 1935 as i anticipate that price might form a higher low before moving higher
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.