GOLD - Looking Bullish! - Here's Why

MONTHLY TF:

WEEKLY TF:

DAILY TF:

Overview & Observation:
1. Higher time frame gold is in a bullish trend.
2. Prices failed to form lower low showing strength in buying, confirmation still pending.
3. Channel breakout will be expected to get the confirmation on the long side.
4. Currently trading in a demand zone. Untill that is broken bullish view will be intact.

Trade Plan:
1. Long position can be made only after confirmation that is still pending.
2. Above 2348 levels price should sustain for longs.


- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!


Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.

Thanks & Regards,
Anubrata Ray

Komentarz:

Moving as expected: