Gold XAUUSD Long-term Bullish

The monthly chart on XAUUSD shows a great BULLISH setup.

A horizontal support level around the $1955 has been broke and confirmed.

Also, a descending trendline support has been broke and confirmed.

Price is currently retracing down and re-testing near prior support which is expected to hold. This is an excellent trading opportunity with low risk and high reward.

Entry = 1955 to 1960
TP = 2060
SL = 1945

Note: This is a long-term chart and therefore very reliable.

Trade active:

Support is holding strong in the general area. This is a long-term trading opportunity based on the 1 Month TF. Gold has fallen down to a very good buying level. Expect a move up to the 2000's soon.