UnknownUnicorn26598155

Gold will return to the uptrend in the next two weeks

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
We can see an inverted head and shoulders pattern at the end of the gold downtrend, which indicates the end of the downtrend and a return to the uptrend. We can also see a positive divergence in the current price, which will indicate an upward trend. We consider the price of 1930 as a trigger and enter a long position after the price crosses this PRICE. The target is considered based on the model and it will be 1977.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.