XAUUSD:week's technical analysis (LONG)🌋
last week gold finally broke through the triangle structure around the 1940 area as we expected.
this week looks more promising with expectaion of a further bullish rally to 1960 area.
key point: with this breakout new structural movement is expected with both small bull and bear rallies accompanied by a massive potential pullback back to the 1940s marked with the vertical blue lines at the symmetrical triangle formation.
Look out for this key point as they may present opportunies for entries
safe trading🎯
Comment:
Boom 1960 target hit✔
Comment:
Pullback ✔
Comment:
Bull rally 1970s✔