We are now looking on a daily timeframe of XAU/US/GOLD Going Lon
XAU/USD
BUY
Timeframe: H4
Entry at 1786
Take profit at 1826
Stop loss at 1762
Gold Up Against Higher Demand Following Biden’s Tax Hike Proposal. Joe Biden could almost double the tax on capital gains to 39.6% for those earning more than $1 million a year.
As long as gold holds above the $1750 level the new trend will have it's momentum, according to the price action. Gold probably needs to take out $1800 to spark the next multi-day advance. Many analysts look for a retest of the $2000 level by July or August.
BUY
Timeframe: H4
Entry at 1786
Take profit at 1826
Stop loss at 1762
Gold Up Against Higher Demand Following Biden’s Tax Hike Proposal. Joe Biden could almost double the tax on capital gains to 39.6% for those earning more than $1 million a year.
As long as gold holds above the $1750 level the new trend will have it's momentum, according to the price action. Gold probably needs to take out $1800 to spark the next multi-day advance. Many analysts look for a retest of the $2000 level by July or August.
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