OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello traders.

Lack of global stability and current gold price action indiates that it is going to visit ATH again or even exceed the historic level.

So, I am countint the 2000 area as a buy area number one.

1980 can be a retracement too for more opportunities.

Waiting for retest...
Trade closed: target reached:
first buy position at 1998 tp hit +380 pips
second buy position at 1988 tp hit +270 pips
overall +650 pips

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.