Hey traders,
A lot of questions about Gold.
Analyzing a price action on a daily and following the impulse legs from 1721 September's low
we can derive that the market is trading in a local bullish trend.
With an initial bullish impulse to 1781 and a retracement to 1745
the price managed to set a new higher high higher close then.
Now the area between a current October's high - 1800 & the last higher low - 1745
is a so-called bulls' zone.
Within that entire area, we expect a bullish accumulation & continuation.
Next week look for confirmation within the underlined zone and look for buying opportunities there.
Your initial target will be the retest of the current high.
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.