Gold Idea
XAUUSD
I am expecting a drop to around the 1920 area before climbing back up to the 1939 area.
So far Gold has been respecting the trends lines, currently in an uptrend i've noticed some strong rejection at 1912 and 1917. I believe 1920 may be tested next, a strong rejection from here could see us attempt a potential new high of 1946 maybe.
I myself will be looking for a buy opportunity at 1920 with a target around 1939.
Over all some Higher highs and higher lows have been noticeable in this up trend, lets see how long it will last.
Feedback appreciated as always.
All the best
I am expecting a drop to around the 1920 area before climbing back up to the 1939 area.
So far Gold has been respecting the trends lines, currently in an uptrend i've noticed some strong rejection at 1912 and 1917. I believe 1920 may be tested next, a strong rejection from here could see us attempt a potential new high of 1946 maybe.
I myself will be looking for a buy opportunity at 1920 with a target around 1939.
Over all some Higher highs and higher lows have been noticeable in this up trend, lets see how long it will last.
Feedback appreciated as always.
All the best
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