Get started
Theperfectionist

Overall view of XAUUSD or gold - Update of June 24th week

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Theperfectionist  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns Gold XAUUSD Metals preciousmetals commodity buy Bullish Patterns levels
1
0
trendanalysis harmonicpatterns chartpattern gold xauusd metals preciousmetals commodity buy bullish levels
The commodity has been on a continuous bull since the beginning of June's month, leaving a huge 10,000 pips (10,000 USD per contract or 100.00 per unit) between the actual trading price and the support zone. Odds of a trend resumption decreased but are still high unless we trade below @1400.000.

Possible targets: @1460.000 (+60.00 per unit or 6,000pips) and @1500.000(+100.00 per unit or 10,000 pips).

Advice: Stay bullish and buy at any low point while we don't break down the 1400.000 bottom level.
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.