Gold's Golden Run - 25% Upside Adventure

1 lis 2023

🌟Since 2016, Gold has been on an impressive ascent, steadily rising from $1,000 to nearly $2,000. That's a doubling in price within just eight years, but the exciting part is that Gold might still have significant upside potential.

🌟One compelling indicator of this potential lies in how the broken ascending channel has transitioned into a reliable support zone. This was followed by a recent bounce off the 23.6% Fibonacci retracement level, which points to a strong case for a continuation of the uptrend.

🌟If all the stars align, we could be looking at another remarkable 25% price increase. In this scenario, XAUUSD might set its sights on the $2,500 resistance area. This significant resistance level is substantiated by the 161.8% Fibonacci retracement, making it a major upside target for Gold.

1 lis 2023

Uwaga

I have a limit buy at $1973
Lets see how it goes

2 lis 2023

Anulowano zlecenie

Gold has to produce a new higher high in order to go up. For now, there is an increasing selling pressure.

3 lis 2023

Zlecenie aktywne

As soon as Gold will produce a new local higher high, the probability of an upside scenario should become extremely high.