XAU/USD uptrend is still intact, 2020 could be next
Dear traders, XAU/USD uptrend is still intact and the price of
Gold is being supported by the 100-hour moving average.
Every time the Gold touches the 100-hour mav, the price is bouncing
up further. So, as long as XAU/USD is above the hourly moving average,
you can expect it to rise further.
My recommendation would be to buy the dips. However, if price
falls below the 100-hour moving average, then you need to be careful
Gold is being supported by the 100-hour moving average.
Every time the Gold touches the 100-hour mav, the price is bouncing
up further. So, as long as XAU/USD is above the hourly moving average,
you can expect it to rise further.
My recommendation would be to buy the dips. However, if price
falls below the 100-hour moving average, then you need to be careful
Nota
Price is still above the mav but the minor bullish flag has not been broken yetNota
Price breaks out above 2000 nearly 98 pips since I posted the idea
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.