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DennisDims

Gold Double Bottom

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
DennisDims  
FX:XAUUSD   Gold Spot / U.S. Dollar
Pivot Points Support and Resistance Double Top or Bottom Gold DXY Double Bottom Bullish Divergence
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pivotpoints supportandresistance doubletoporbottom gold dxy doublebottom bullishdivergence
Gold has formed a double bottom with bullish divergence.

We can expect the price to gather bullish momentum and move towards the resistance level 1700.

The bullish bias is valid as long as price holds above 1640.
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