BUY TRADE SETUP ON XAUUSD

Hey Trader,

Check this analysis out on XAUUSD.

The pair is in a bullish / ascending channel, and seeing the Yellow metal breakout of the bearish trendline, making a good retests back to the previous demand due to NFP release. It is expedient that Gold make a new run towards $2,022.

With expectation of seeing more downside movement on DXY it could help bounce Gold towards the $2,050

Keep a close tab on Gold.
Beyond Technical AnalysisChart PatternsCommoditiesGoldMetalsTrend AnalysisUSDXAUXAUUSDxauusdlong

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