samstoobad

Gold update

Long
TVC:GOLD   CFD Oro (US$/OZ)
In our recent update, we successfully navigated back to gold's highs, marking our fifth consecutive successful trade setup. Yesterday, we witnessed a smooth swing from our 4-hour demand zone back to the $2200 mark, followed by another swing back to our demand area. The current 4-hour demand zone has established a robust uptrend, being respected three times, underscoring gold's bullish momentum. Today, we observed a bounce off this trend, rallying back up to $2197. This juncture is crucial, with the next resistance set at $2200 hence, we are monitoring closely for a potential breakout in either direction. Gold is currently consolidating just below this level, forming a small flag pattern, suggesting a potential push towards breaking the $2200 mark.
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