XAUUSD (GOLD) made a weekly breakout above the 9 month downtrend channel and made a perfect retracement last week to the 50MA.
We have taken a long position just above the 50MA expecting the price to rise from this point. Nothing goes straight up but the higher highs and higher lows on the chart are very bullish signals. We may see the 2200 price very soon. 😉
We have taken a long position just above the 50MA expecting the price to rise from this point. Nothing goes straight up but the higher highs and higher lows on the chart are very bullish signals. We may see the 2200 price very soon. 😉