XAUUSD Technicals Updated
Since july i have been posting about GOLD being a long opportuniy.
I’ve liked the metal higher for months now, and I’ve stated in the past that a close above 1800 could pave the way for a run at all-time highs near 1900.
XAUUSD managed a close above 2000 yesterday.
As long as it holds as support on a daily basis, I like the idea of a move higher, perhaps to test a new all-time highs at 2050 or just above.
It may just be a matter of using 2100, 2200, etc.
Unless, of course, we get a structure that provides us with a measured objective such as a wedge or bull flag .
Key support of 2000
I’ve liked the metal higher for months now, and I’ve stated in the past that a close above 1800 could pave the way for a run at all-time highs near 1900.
XAUUSD managed a close above 2000 yesterday.
As long as it holds as support on a daily basis, I like the idea of a move higher, perhaps to test a new all-time highs at 2050 or just above.
It may just be a matter of using 2100, 2200, etc.
Unless, of course, we get a structure that provides us with a measured objective such as a wedge or bull flag .
Key support of 2000
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