VasilyTrader

GOLD (XAUUSD): Did You See This CONFLUENCE ZONE?? 🥇

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar

Hey traders,

Analyzing a weekly time frame on Gold I noticed a very peculiar zone of confluence.
We see a perfect match between a major rising trend line (connecting higher lows) and 382 retracements of multiple impulse legs.

The underlined green zone gives us a perfect demand area to catch a potential bullish move.

Keep monitoring this zone and look for a confirmation on a daily as a signal.

Will the price respect this zone?
What do you think?

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Comments

Excellent
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Will it grow
What do you think?
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