Gold has created double bottom pattern and and bull flag pattern on 4hrs TF. The long position antry, exit and SL is marked on the chart. minor resistance at Previous ATH.
If the value of Gold crosses below 1854, Target expected is 1840. SL 1863
OANDA:XAUUSD has been trading in a very tight range over the past 2 day - which can be observed from the markings on my chart. The Day Highs and Day Lows of the past 2 days have actually been roughly the same. This makes the Previous Day High (PDH) and Previous Day Low (PDL) from today's perspective very good breakout levels - which I have marked on the...
Strong buying in GOLD since the last 24 hours. Go Long until target $2050. Sentiment broken at $2000 for GOLD. This brings us to GOLD at a all time high. Global economy looks bleak. Hedge away!