gold long idea

24 mar 2022

with the US inflation and the war tension gold have been very bullish and with price breaking above up channel is taken as a confirmation for a farther bullish run mostly toward 1975, but I expect a correction first to 1958 , or a deeper correction to 1951/1945

I know all the lines may confuse you but don't let the chart scare you , the trend lines are showing us how the gold may move in the up trend channel . just look at the arrow to get an idea 😂

so in general gold is still bullish but we might see a correction first .

this is not a signal , but my own view of the market , always make sure to use a proper money management with your trades .

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more updated will follow stay tuned .

25 mar 2022

Nota

like mentioned in the post no pump before a correction , price did a deeper correction precisely to 1945 like I mentioned it before the pumps of 150 pips .
now if price breaks above 1961 price level again we are likely to see gold keep pushing toward our main target at 1975.