FIrst long then posible short again

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold managed to break the bearish trendline resistance. I have adviced members to buy the market on retest confirmation. Bullish targets are 2024, 2030 and posible 2040(depends)

In the long run waiting for proper confirmation for sells around 2030 or 2040. But only if priceaction confirms it. Then we can sell the market for targets: 2020, 2007, 2000

Resistance: 2020, 2030, 2040
Support: 2013, 2007, 1990
And again a profitable trade up to 2030. Small update on the chart. Focussing on 2036-2039 for posible sells again. 2030 is a posibility, but i think the market will seek higher levels first and retest the daily trendline

daily perspective

Posible view on gold in upcoming days and next week. Follow priceaction


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