FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Okay so, gold this week gave a strong push to the upside which was expected in fact we capitalized on the move from 1818 to 1835 this was a good trade. Our premium members earned good profits out of it... :)

So, what's the next point to enter??

Currently, we are at the resistance area of 1840-1860 we can see some retracement to the downside. But we will not be looking for shorting this pair. However, if we get a decent price with our strategies satisfying then we will definitely be going long for 1900+ targets. And if anyone wants to hold gold for the long term then you can but for 2300+ targets(If you have a large account). Because from the monthly chart we can see a correction completing and now gold is bottoming. Also, COT data have approx. 60 percent long exposure. So, it's definitely going to 2300+.

So, I suggest you put this pair on the watchlist and enter whenever it's good for you. However, if you need any kind of help then feel free to contact me. JUST DROP A MESSAGE HERE PM ME.


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.