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YourLazyTrader

Gold trading idea: Wait for pullback and then buy

Gold Spot / U.S. Dollar (FX:XAUUSD)  
YourLazyTrader  
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis XAUUSD xauusdshort xauusdlong Gold goldtrading goldidea xauusdbuy xauusdupdates
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trendanalysis chartpattern beyondta xauusd xauusdshort xauusdlong gold goldtrading goldidea xauusdbuy xauusdupdates
Gold's uptrend is intact and the pullbacks should be viewed as buying opportunities as I have mentioned previously in my ideas. Currently, the 1980 level is offering some resistance but a bullish breakout looks very likely.

If you look at the chart, you can see that price is creating Higher Lows(HLs) on the hourly every time it pulls back from the resistance level.

So, if you see a pullback towards the 100H EMA once again, consider buying Gold and target the 2020 area as TP.

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