VasilyTrader

GOLD (XAUUSD): Where to Buy Safely?! Update & Market Outlook 🥇

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar

Gold reached a resistance line of a rising parallel channel this week.
The price has retraced and locally the market looks quite bearish .

To catch a bullish trend continuation, pay close attention to a confluence zone
between 1792 - 1800 horizontal structure cluster and a support line of a channel.

Once the price reaches that, look for a confirmation to buy.
I am quite sure that the price will reach 1853 level quite soon.

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Comment: Check my new idea on GBPUSD:

Comments

Do you agree with my analysis?
+5 Reply
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VasilyTrader immediateChees48618
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you are great, i follow your signals and trading strategies and lesson every day. You help me very much to understand the begining of trading like a new in that world.
Tnaks, stay like that.
Regards from Macedonia
+1 Reply
@lilence, thank you so much buddy!!!
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I agree with you , I think that the level 1820-1815 is more probable , and yeah the 1800' could be seen as a 2nd target
And thanks for sharing , have a good day
Reply
merhaba

1800 gerilermi ? bilgi verebilirmisiniz.
Reply
Nice analysis
Reply
VasilyTrader cyztrader
@cyztrader, thank you buddy!!!
Reply
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