Gold (XAUUSD): Bullish Outlook Explained 🟡
Gold is trading in a bullish trend.
After the price set a new higher high higher close on a daily, it retraced.
The market is currently approaching an expanding demand zone based on a falling trend line and 2 horizontal supports.
I will expect a bullish continuation from that to 2040 level.
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Related publications
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.