BullBearMkt

Gold Daily Corrections Taking The Shape Of A Bullish Wedge

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold daily sentiments now turning bullish with last 3 trading days ended in strong bullish candles. Coming days, gold is expected to test 1950 - 1974 levels where prices were previously rejected with either minor or medium pullback expected before a major uptrend commences for the precious metal.

A minor pullback would see gold retesting the swing high violated this week last trading day at 1921.27 while a deeper dip could take the price to 1860.

N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades

Smart Monies trade on Emotions and Sentiments. Let them work for you in taking calculated risks...

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Comments

Ah sorry. 1974 area 👍🏼
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BullBearMkt alibomaye
@alibomaye, watchout for 1951/52 level too
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What levels in your opinion do you think it could go Upto before its retracement ?
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I have the same views on gold... very bullish but needs a small retracement first 🙏🏼👌🏼
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BullBearMkt alibomaye
@alibomaye, With last Friday's close, I think price will continue to go up on Sunday/Monday as market opens. Nice strategy you have waiting for a pullback
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