meszaros
Long

XAUUSD is getting stronger with the uptrend.

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.

Comments

Agree. Just if you take for example bottom trend line of the bear flag, XAU arrived to this point so far after time of recovery and it took unexpectedly long in my opinion. I'm carefully on long still.
Reply
meszaros mike1244321
@mike1244321, I agree with you. Caution is always important.
Reply
XAU is back in bear flag trend. Let's see if it will leave without trouble..
Reply
meszaros mike1244321
@mike1244321, For me, this is a pretty convincing upward trend.
Reply
XianVisda meszaros
@meszaros, you were right!
Reply
Is it now the best time to buy gold or we should wait a bit!?
Reply
meszaros Erionzogkou
@Erionzogkou, It is always too late to buy gold when climbing. But this also applies to other instruments. At these levels, there is no good stop location. Wait for the next correction. At the bottom it is advisable to take a long position. These are always predicted in my analyzes.
Reply
XianVisda meszaros
@meszaros, now we are 1601 do we still expect Gold to rise til 1700?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out