GOLD - Short and Long term

FX:XAUUSD   Gold Spot / U.S. Dollar
Hey Guys!

We have confirmation that GOLD is bullish for the coming weeks, however, any dips are going to be short-lived. So, we are going with the third scenario that we expected.

Target1: 1800
Target 2: 1950
Target 3: 2000

In my analysis, any deeper dips will be another buying opportunity for traders and earn great risk to reward.

Trade active: Keep SL below 1685. Looks like a pull back for further continuation to upside.
Comment: This is what I am expecting for current GOLD market. Let's see which way it is heading.


What will be dip approximately?
+1 Reply
@Marcel69, I can't say for sure however if it holds 1747 level that would be great! But GOLD is very bullish It is hard to forecast any corrective structure as it has not bee developed yet.
Marcel69 HumairDawood
@HumairDawood, Fine thats clear. I miss sometimes a little extra info with statistics.
+1 Reply
@Marcel69, I hope all goes well at your end. ty
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