Gold (XAUUSD): Bullish Outlook Explained 🟡

Long

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

OANDA:XAUUSD Gold Spot / U.S. Dollar

Trend Lines Elliott Wave Supply and Demand Gold XAUUSD goldlong goldsignals goldtradingstrategy goldanalysis goldtrader

trendline elliottwaves supplyanddemand gold xauusd goldlong goldsignals goldtradingstrategy goldanalysis goldtrader

snapshot

Gold is trading in a bullish trend.
After the price set a new higher high higher close on a daily, it retraced.
The market is currently approaching an expanding demand zone based on a falling trend line and 2 horizontal supports.

I will expect a bullish continuation from that to 2040 level.

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