ikdavis

GOLD - Are you ready for 1,400?

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
GOLD has been playing out PERFECTLY
After the bullish flag / ABC Correction we received, we got a rejection off the longer term TL which has provided plenty of liquidity driving price up to the Resistance at 1345.

I expect price to pullback to the blue 50-61.8 sweetspot highlighted in blue, before another rally towards 1,400

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.