XAUUSD - best buy of 2021
Additional bull confluences:
Gold @ strong resistance,
daily bull flag (+bonus harmonic butterfly),
terminating correction from 2075
and reversing for impulsive wave up.
Dollar index @ strong resistance,
daily bear flag,
terminating correction from 89.2
and reversing for impulsive wave down.
Treasury bonds @ strong support,
daily bull flag,
terminating correction from 140.8
and reversing for impulsive wave up.
In summary:
Gold price suppressed by institutions
for long enough to get healthy bounce.
TG 2250.
Gold @ strong resistance,
daily bull flag (+bonus harmonic butterfly),
terminating correction from 2075
and reversing for impulsive wave up.
Dollar index @ strong resistance,
daily bear flag,
terminating correction from 89.2
and reversing for impulsive wave down.
Treasury bonds @ strong support,
daily bull flag,
terminating correction from 140.8
and reversing for impulsive wave up.
In summary:
Gold price suppressed by institutions
for long enough to get healthy bounce.
TG 2250.
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