meszaros

XAUUSD is getting stronger with the uptrend.

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD is getting stronger with the uptrend. Currently, the analysis shows that the white rectangle, which represents today's correction distance, is intersected by a thicker white line. Experience has shown that turning north above the 50% level, which limits the daily correction band, may be the beginning of a stronger upward trend. Therefore, today we must be careful not to close below 1561usd. If so, the first weakening trend begins to emerge. 2. Wait for the lower level of the white rectangle to be violated. Then we have to start reducing the risk. In the event that conditions 1 and 2 are not met, we can expect an even stronger rise.

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