OptimoomFX

Gold- Strong reversal exposes 1950

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
As I said before, Gold has traded in an annoying range for a month now.
However, if we look closely at the price action we can see that every dip was bought, bulls sustaining the price strongly.
Yesterday another attempt from sellers to break under the support line failed and XauUsd reversed just to finish the day close to 1900.
In my opinion, this last month was an accumulation one and we will have acceleration to the upside once 1900 is finally cleared.
Buy dips remains my strategy and 1950 is my target.
Only Gold under 1870 would delay this scenario
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Comments

Good analysis . I follow you and a another account here for my gold and silver analysis and you both are always very accurate, and explain everything very well. Thanks for sharing .
+2 Reply
@bm8ter, thanks a lot, bro
Reply
more rise is expected too after breaking trendline
+2 Reply
OptimoomFX MMBTtrader
@MMBTtrader, yes
Thanks for comm
Reply
Nice. 1950 USD per ounce is just matter of time. I have similar thoughts. Just I think we will trade between support and resistance for little while before finally going higher.

Reply
Thanks for sharing
Reply
keep the good work!
Reply
Keep up the good work!
Reply
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