Gold Spot / U.S. Dollar
Long

Gold- SL was taken, my bullish outlook remains intact

1 039
On Monday I said that I expect a new wave of buys on Gold and I'm looking to buy dips.
As always, I put my money where my mouth was, but the spike down that followed took my stop loss (part of trading, even if we don't like this part:) )
Regardless of this setback, my bullish outlook for Gold is intact and, again, I'm looking to buy dips.

Technically, the daily structure is strongly bullish and the recent PA seems to form a symmetrical triangle which usually is a continuation pattern.
My target remains 2k zone with negation under last week's low, but a clear break of 2k could lead to acceleration and a new ATH could be reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.