We Want Our Safe Haven Back! Up!🥇

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

For those who know me well, know that I am a big fan of Gold, not as a long-term investment like I approach stocks and crypto, but as a backup plan if things go sideways.

By Gold, I mean physical, tangible Gold🥇. I regularly purchase an ounce every couple of months, depends on my budget, and stack it somewhere safe.

I learnt this habit from an Armenian friend. Shoutout to Armenians, you know exactly what I am talking about.

Now let's get back to the charts 😁

As per my last two analysis, we have looking for buy setups as Gold was approaching a support zone 1675 - 1700



Gold rejected our support zone and ended up closing bullish for the week.

But the question is... are you finally bullish?

Not Yet❗️

For the bulls to take over from a long-term perspective, and as per my trading plan / style, we still need a new major high to form.

and then, a break above:

i- this new major high (projection in purple)
ii- 1750 - 1760 zone
iii- upper orange trendline

then, we will be expecting a shift in momentum from bearish to bullish📈.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich