Remon_T

Gold, on its way back to 2000?

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold looks promising to back to 2000 from daily and weekly chart.
for entry vise,
if you catch the entry at around 1890, the risk will be minimal to catch the wave to 2000.

if you are looking a entry from where i see the price currently, i would expect a small retracement to around 1925 before another round of up trend to 1955.

1955 holds a key level for Gold to further move up to 2000. if the retracement after 1955 key point stays above 1945. the momentum to 2000 should be unstoppable.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.