Gold to continue the Bullishness
As mentioned in previous Analysis, support taken from 2370
If Gold sustains above 2450 2500
Short term 2700 could be tested
Longer term 3000 could be tested
Rationale:
Support taken from
1. Fib 0.23 retracement of the rally from 1986 to 2450
2. DEMA 50
Bullish Flag Breakout
If Gold sustains above 2450 2500
Short term 2700 could be tested
Longer term 3000 could be tested
Rationale:
Support taken from
1. Fib 0.23 retracement of the rally from 1986 to 2450
2. DEMA 50
Bullish Flag Breakout
Not
Do Not treat Gold as bearish, unless it starts trading below 2360 2370Not
Anywhere above this zone and Bulls will not giveupNot
XAUUSD
Bearishness
If at all Any
Only below 2485 ~ 2490
Else this could be another rally in making..
Preparing for 2600
Although 2440 retest is a fair possibility.
Below 2440, Next Strong Support around 2360 2370.
Can't Rap the Crap all day long..
So Keeping it Simple..
Not
After 2600 2700 3000 Are Medium Abbas longer term targetsNot
Towards 2600 2700Not
2600 done 🎉🎇Not
2530 2500 retest likely if sustains below 2565Not
If 2565 Respected, then Bullishness to continue Not
2565 respected..Not
Towards 2700 2750Not
2700 almost doneNot
ME Escalation calls for More upside..
2700 2750 quite likely
Not
2700 Done!Not
2750 Done!
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