technicalmarshal

bullish move expected in xauusd

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
MOEX:XAUUSD_SPT despite to covid19 new variant it is proved that gold followed with a bullish movement in previous cases as traders in previous lockdowns see yellow metal as a safe investment and there are other factors that makes gold jump and see higher prices than before including: the inflation rate is concerned in accordance with feds announcement and as a matter of fact traders shift in long position in gold . the other fact is: about 350k long contracts have been set since nov 11th
technically:we have an uptrend and bottom of that is about 1780-1785 beside, gold settled above the previous price since oct 2012.
finally guys I'm looking forward to the price focus on good price entry and be careful of your stop losses.