1100 is potential buy zone for gold

FX:XAUUSD   Gold Spot / U.S. Dollar
In my previous analysis, I mentioned 2 sell zones in $XAUUSD that, back then, was rallying towards them.
$XAUUSD couldn't overcome the 1150$ level and declined back towards its uptrend line creating possible bullish opportunity.
1100$ is the key support zone here (1100-1110$).
1. It is s structure zone (now support)
2. Price will meet the uptrend line
3. In case that it'll spike lower, there's a Gartley pattern completion near 1090$

Why I mention the spike scenario for point 3? Cause if the price will complete the pattern, it'll be below the trend line , potentially providing a bearish signal. Only a spike and a close back up above 1100$ will be considered (by me) as possible bullish signal.

Potential targets - 1150, 1170-1180 and 1200 (completion of bearish Gartley )

Check out my latest Youtube video that includes this analysis:
Visit my blog:
Subscribe to the newsletters:
Comment: 40$ rally from the uptrend line suggests that we may reach 1170-1180 soon
Comment: Gold reached first sell zone.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out