Dear traders, XAU/USD uptrend is still intact and the price of
Gold is being supported by the 100-hour moving average.
Every time the Gold touches the 100-hour mav, the price is bouncing
up further. So, as long as XAU/USD is above the hourly moving average,
you can expect it to rise further.
My recommendation would be to buy the dips. However, if price
falls below the 100-hour moving average, then you need to be careful
Gold is being supported by the 100-hour moving average.
Every time the Gold touches the 100-hour mav, the price is bouncing
up further. So, as long as XAU/USD is above the hourly moving average,
you can expect it to rise further.
My recommendation would be to buy the dips. However, if price
falls below the 100-hour moving average, then you need to be careful
Comment:
Price is still above the mav but the minor bullish flag has not been broken yet
Comment:
Price breaks out above 2000 nearly 98 pips since I posted the idea