🏛GOLD FIRST DOWN THEN UP! LONG🚀

4 ביוני 2021

🏛GOLD is trading in an uptrend in a rising channel
However, many are expressing a concern about the future of Gold mid-term
As the Dollar broke out of the bearish wedge, and after a pullback
We are all expecting the Dollar to strengthen mid-term
And Gold is negatively correlated to the Dollar
To that, I say that Gold hasn't broke the rising channel support yet
And until after that happens, I will be bullish on Gold
I am expecting Gold to keep retesting the support
Until the confluence of the horizontal and rising support isn't hit
From where Gold will go up to its target above!
LONG🚀

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