Spiritualbeing11
Long

XAUUSD to 1800+ Trend Reversal

OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD has been in a downward trend for the last 9 years.
It has been unable to break the 1350 range for the last 7 years.
It has recently broken this resistance and ran to 1580.
XAUUSD now has power to break next resistance and fly to 1800. XAUUSD has not reached 1580 since 2013, and the last time it did, we blew up to 1800-1900 range.
XAUUSD is gaining power and will have the strength to continue its uptrend and fly up to 1800 and beyond.

Comment: This is a longer term position . expect short term corrections.

Comments

I have it on watchlist as well, with thi
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nice work.. the US Dollar rallying very strongly on all time frames, that is what freaks me out as far as holding gold long
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@TomNewYork, i strongly believe the us dollar will lose its value slowly. More banks and corporations are incorporation cryptocurrencies such as xrp. It is going to be a thing of the past in my opinion. This idea also adds to gold going up. These go hand and hand and the US dollar chart does not worry me.
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