ProCFDTrader
Long

Gold hourly chart analysis: Uptrend likely to continue

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has created an ascending triangle pattern in the hourly chart, which is a Bullish Pattern .
The overall market structure is Bullish which means that the uptrend is likely to continue.
A strong break of the minor Resistance at 1780 will accelerate the uptrend towards 2000 and 2025.

The rectangle I have highlighted in my chart can be a possible Buy entry. The price is also above the 100H EMA , which is a positive sign for the buyers.

I will be buying very soon either when the price dips to the buying area or when the price clears the minor resistance.
Trade closed: target reached: Target reached 2025
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Comments

cool !
+1 Reply
ProCFDTrader Asianviewer
@Asianviewer, Thanks
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nice idea , i had posted this idea
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Agreed. Nice one
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Great job! Agree

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Incredible thank you
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ProCFDTrader Abdullah2170
@Abdullah2170, You're welcome
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You're the man, thank you for sharing.
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ProCFDTrader dyCharles
@dyCharles, Thanks
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dyCharles ProCFDTrader
@ProCFDTrader, Welcome
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