Mihai_Iacob

Gold- 3 days, 3 breaks of maximum importance.

Длинная
OANDA:XAUUSD   Золото / Доллар США
As I said since Monday, Gold very much probably found a bottom at 1620 and even though yesterday I expected a correction from the 1730 zone, the overall idea was the same: bullish.
Following the very strong 500 pips reversal on Friday, Gold consolidated on Monday, and on Tuesday we have a very important break: the break of the confluence point given by the falling trend line and 1680-1690 important horizontal zone. A new day of consolidation followed and yesterday a new important break: the break above the 1730 zone.

This second break is also a break of a double bottom's neckline with the second bottom being a double bottom itself (neckline 1680 zone)

Looking at the weekly chart:


1. Last week is marked by a bullish engulfing
2. The break under 1680 support was a false one
3. This week is a very bullish one with almost 1k pips gain

In conclusion, in my opinion, Gold has reversed to its long-term up trend, and as long as 1680 is intact dips should be bought and 1800, 1900, and 2k could offer targets depending on patience.





🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
Отказ от ответственности

Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.