Bulls - Assemble!
XAUUSD has recently shown a decent pullback. It opens new doors for all traders having a bullish view on Gold. According to my analysis, Gold is mirroring it's previous bull run moves, with a few extra volume bursts (50-100 pips) here and there.
So, the max upside potential for Gold is 3680 - 3700 which is Approximately 4000 pips from the current price (3300). This would be my absolute last target, after which it should see a decent correction once again because that would be extremely overbought region.
Refer to the chart for key reversal zones.
Let's see what happens.
Trade Safe, Don't overleverage your positions.
Cheers!
XAUUSD has recently shown a decent pullback. It opens new doors for all traders having a bullish view on Gold. According to my analysis, Gold is mirroring it's previous bull run moves, with a few extra volume bursts (50-100 pips) here and there.
So, the max upside potential for Gold is 3680 - 3700 which is Approximately 4000 pips from the current price (3300). This would be my absolute last target, after which it should see a decent correction once again because that would be extremely overbought region.
Refer to the chart for key reversal zones.
Let's see what happens.
Trade Safe, Don't overleverage your positions.
Cheers!
Mukul Choudhury
Founder / CEO - Trades Indicate
Founder / CEO - Trades Indicate
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Mukul Choudhury
Founder / CEO - Trades Indicate
Founder / CEO - Trades Indicate
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.