#XAUUSD (GOLD):
(1D):
General uptrend still intact, with an ascending triangle structure to my eyes, also held by the 200 EMA. Fundamentally, the announced 3 trillions fiscal stimulus pack announced by the democrats makes me believe that there's still plenty of room to the upside for gold. My bias is therefore bullish.
(1H):
We have a possible buy opportunity right on the current rejection. If we look closer on the 1H, we can see that a triangle formed, which could also be seen as an inverted H&S in this case.
Already broken and currently being retested, this would be a good buy signal if a strong bullish candle forms off the current level.
(1D):
General uptrend still intact, with an ascending triangle structure to my eyes, also held by the 200 EMA. Fundamentally, the announced 3 trillions fiscal stimulus pack announced by the democrats makes me believe that there's still plenty of room to the upside for gold. My bias is therefore bullish.
(1H):
We have a possible buy opportunity right on the current rejection. If we look closer on the 1H, we can see that a triangle formed, which could also be seen as an inverted H&S in this case.
Already broken and currently being retested, this would be a good buy signal if a strong bullish candle forms off the current level.