OptimoomFX

Gold- Still bullish on medium term

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
On Monday Gold dropped under channel's trend line support, just to find bids at 1840 support.
In short term the outlook is unclear. However, in the medium-term the yellow metal remains bullish and swing traders can look for buying opportunities at the mentioned 1840 support.
The next very important support is 1800 and only a drop under this zone would put XauUsd in a bearish mode.
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Comments

My friend for XAU i think if we looked weekly time frame....it will making inverted head and shoulder if it touched within range 1770-1780 and go still bullish
+2 Reply
OptimoomFX dharmobdFX
@dharmobdFX, above 1800 is bullish, under is bad
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dharmobdFX OptimoomFX
@OptimoomFX, look my friend XAU will making inverse head & shoulder target still bullish within 1770-1780 because always there was a news behind the technical analysis 😀😉
Reply
Nice chart, cheers!
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Wow amazing job
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Very Interesting :) Thank you !
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Great idea!
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Professional work, keep it up. Thanks for sharing 🔥🔥
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Nice work!

I have a bullish view as well
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