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Gold- eyes on 1900
I've argued in my last 3 or 4 analysis and comments that what we have on Gold chart is not an H&S, but just a correction of 1765-1875 strong bull leg.
Now, with the price of Gold above 1850. it became clear to everyone (at least I hope) that this was indeed the fact.
From the technical point of view, as I said, XauUsd had an important break above 1850 very important zone and the road is clear for 1875 retest. Also, as I said before, I wouldn't be surprised if the yellow metal will challenge 1900 by year's end.
That being said, dips should be bought and bulls can look for opportunities slightly under 1850 for their entries
Now, with the price of Gold above 1850. it became clear to everyone (at least I hope) that this was indeed the fact.
From the technical point of view, as I said, XauUsd had an important break above 1850 very important zone and the road is clear for 1875 retest. Also, as I said before, I wouldn't be surprised if the yellow metal will challenge 1900 by year's end.
That being said, dips should be bought and bulls can look for opportunities slightly under 1850 for their entries
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💎 Crypto Channel:
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