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OANDA:XAUUSD
If this pandemic still not resolved in the near future, then 2000 is possible by the end of this year. This simple Fibo fan shows it. there might be some pullbacks to energize the uptrend a little bit along the way to 2000. It will a bumpy road, I guess. Most of the indicators are in the overbought zone :). So, it must breakthrough with significant volume from the all-time high. if not then 2000 is very difficult.
If you want my view about other currencies/stocks/ commodities , I will love to share my opinion with you. Just simply comment below. I always open to discussion.
Disclaimer:
This information is for educational purposes and is not an investment recommendation nor to be representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
If this pandemic still not resolved in the near future, then 2000 is possible by the end of this year. This simple Fibo fan shows it. there might be some pullbacks to energize the uptrend a little bit along the way to 2000. It will a bumpy road, I guess. Most of the indicators are in the overbought zone :). So, it must breakthrough with significant volume from the all-time high. if not then 2000 is very difficult.
If you want my view about other currencies/stocks/ commodities , I will love to share my opinion with you. Just simply comment below. I always open to discussion.
Disclaimer:
This information is for educational purposes and is not an investment recommendation nor to be representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
Trade closed: target reached:
It's amazing that the rally still continues since this study was posted. The target 2000 is reached. :)
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