ShaharyarZafar

XAUUSD Long Position

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Based on the current trend it is safe to assume that XAUUSD is still headed upwards to a monthly resistance level. We must wait for a break of the trendline and a retest of the green level identified for a good upwards move. Alternatively you can also expect a break of the red level and start looking for shorts.
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.