XAUUSD Technicals
I’ve been bullish on gold (XAUUSD) since a long time
Nothing has changed for me. I’m still bullish on gold over the next four to five years.
In the near term, it’s going to come down to the terminal pattern below.
A close above the short-term resistance near 1970 would send XAUUSD back to 2015 and perhaps 2075.
Alternatively, a close below the March trend line near 1900 would suggest a turn lower from gold.
Nothing has changed for me. I’m still bullish on gold over the next four to five years.
In the near term, it’s going to come down to the terminal pattern below.
A close above the short-term resistance near 1970 would send XAUUSD back to 2015 and perhaps 2075.
Alternatively, a close below the March trend line near 1900 would suggest a turn lower from gold.
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