📊 Gold Enters New Bullish Wave (All-Time High Potential $2,222)

Gold Spot (XAUUSD) just hit a higher low compared to February/March this year (2023).

This higher low is being confirmed early October 2023 and is accompanied by additional bullish signals.

For example, see the strong divergence with the RSI that became weak and hit oversold, a lower low as well compared to February/March, while Gold Spot hit a higher low:

The full green candle yesterday and today as prices move above EMA10 is another combination of signals that is really strong.

The fact that this is happening on a Monday is also good, it means that the entire week is likely to be green plus some more.

👉 Gold Spot (XAUUSD) is likely to hit a new All-Time High, it will take its time but all the signals are bullish, short-term, mid-term and long-term...

Namaste.

Comment:

Gold is moving strongly today... Quite the nice surprise.

Comment:

Major bullish development for Gold which is also great for Bitcoin and the Cryptocurrency market... Let's dive in!

Today Gold Spot (XAUUSD) hit its highest level since July/August 2023.
We have a bullish continuation which works as bullish confirmation for much higher prices.

Today Gold is trading above MA200 after challenging this level three days straight.
Trading above MA200 always leads to a major bullish wave.

See how Bitcoin and Gold move together, this signals also work as confirmation that Bitcoin will continue moving up.

First Gold, then Bitcoin.

Comment:

The first target is hit at 1977 and Gold continues straight up.

Next target is the challenge of the previous all time high around 2080 and then a new all time high... It looks pretty good right now.