XAUUSD FORECAST AND TRADE IDEA
XAUUSD FORECAST (requested by our subs)
- Technical analysis: Gold is still in a strong uptrend with good HHHL structure and many bullish impulsive candles despite the down move of GOLD after #USD PMI news. My target for GOLD retracement would be 1760-1750 zone.
- Fundamental analysis: COVID pandemic is still spreading in many countries in the world, record deaths are still rising, especially in India (my condolences to all of our Indian subscribers).
Hence, my bias for GOLD is still long
- Technical analysis: Gold is still in a strong uptrend with good HHHL structure and many bullish impulsive candles despite the down move of GOLD after #USD PMI news. My target for GOLD retracement would be 1760-1750 zone.
- Fundamental analysis: COVID pandemic is still spreading in many countries in the world, record deaths are still rising, especially in India (my condolences to all of our Indian subscribers).
Hence, my bias for GOLD is still long
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