XAUUSD Technicals Updated

Since july i have been posting about GOLD being a long opportuniy.

I’ve liked the metal higher for months now, and I’ve stated in the past that a close above 1800 could pave the way for a run at all-time highs near 1900.

XAUUSD managed a close above 2000 yesterday.

As long as it holds as support on a daily basis, I like the idea of a move higher, perhaps to test a new all-time highs at 2050 or just above.

It may just be a matter of using 2100, 2200, etc.

Unless, of course, we get a structure that provides us with a measured objective such as a wedge or bull flag .

Key support of 2000
Chart PatternsHarmonic PatternsTrend Analysis

Feragatname