MattPietersen

Gold Long - Area to BUY

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold

Technical:

61,8% Fib retracement
23,6% Fib retracement
100 SMA Weekly
200 SMA Daily
Trend 1
Trend 2

Fundamental:

Extremely High Inflation
Extremely High Geo-political Tension
Moderately High Distrust in US Dollar

Sentiment:
Neutral-to-Bullish (Hanke Cofnas)

Overview:

All three variables add up at the same time.
Very Bullish, looking for entry @ $1833
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