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Gold to continue the Bullishness

As mentioned in previous Analysis, support taken from 2370

If Gold sustains above 2450 2500

Short term 2700 could be tested
Longer term 3000 could be tested

Rationale:

Support taken from
1. Fib 0.23 retracement of the rally from 1986 to 2450
2. DEMA 50

Bullish Flag Breakout

Do Not treat Gold as bearish, unless it starts trading below 2360 2370

Anywhere above this zone and Bulls will not giveup

Bearishness
If at all Any
Only below 2485 ~ 2490

Else this could be another rally in making..

Preparing for 2600

Although 2440 retest is a fair possibility.

Below 2440, Next Strong Support around 2360 2370.

Can't Rap the Crap all day long..

So Keeping it Simple..

After 2600 2700 3000 Are Medium Abbas longer term targets

Towards 2600 2700

2600 done 🎉🎇

2530 2500 retest likely if sustains below 2565

If 2565 Respected, then Bullishness to continue

2565 respected..

Towards 2700 2750

2700 almost done

ME Escalation calls for More upside..
2700 2750 quite likely

4 日前

2700 Done!