MadMundus

Gold (XAU) daily analysis

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Weekly, daily bias bullish
1. Engulfing bullish on Friday
2. First target - take out highs of shorts
at 2010. Second target highs of 2021.
3. If brake of 2010-2020 will be FB, double
top will be made and we can see possible of
1980, which is likely less possible because of
bullish bias and weakness of dxy.
4. Break of pwHigh and 2010 and confirmation above can lead to 2050.
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