Gold could rise towards 2100
Friday proved to be a positive day for 
XAUUSD bulls, as the price successfully surpassed the significant 2040 resistance level.
This level was distinguished by the descending trend line originating from the year's beginning, the horizontal resistance, and the neckline of the recently formed double bottom pattern.
Following the breakthrough, the price exhibited a rapid upward surge, swiftly reaching the 2060 resistance level. However, it subsequently experienced a decline, ultimately validating 2040 as a robust support.
As of the current moment, the price hovers around 2055, and the overall market structure is indicative of a bullish trend. Anticipating a future breakthrough beyond the 2060 mark, my strategy involves buying during price retracements with the objective of a subsequent ascent towards 2100.
My bullish sentiment persists as long as the 2040 support level remains intact.
XAUUSD bulls, as the price successfully surpassed the significant 2040 resistance level. This level was distinguished by the descending trend line originating from the year's beginning, the horizontal resistance, and the neckline of the recently formed double bottom pattern.
Following the breakthrough, the price exhibited a rapid upward surge, swiftly reaching the 2060 resistance level. However, it subsequently experienced a decline, ultimately validating 2040 as a robust support.
As of the current moment, the price hovers around 2055, and the overall market structure is indicative of a bullish trend. Anticipating a future breakthrough beyond the 2060 mark, my strategy involves buying during price retracements with the objective of a subsequent ascent towards 2100.
My bullish sentiment persists as long as the 2040 support level remains intact.
Uwaga
Gold reversed from 2050 zone.A close near 2060 resistance reinforce the bullish outlook and most probably will lead to a break
Uwaga
XauUsd is failing on tops.I closed in break even
📈 Forex & XAU/USD Channel:
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.