XAU/USD - BE PREPARED TO THE JUMPSTART OF THE BULLISH MOMENTUM

16 במרץ 2022

Gold has made a strong corrective move from the 2060$ level. So far we have a double top pattern on the monthly chart. Right now I am pretty sure that we will have at least a dead cat bounce around the 1889$ level up to at least 2000$ again. I see this as a golden opportunity to close my short position an go long with a relative low stop loss level. I would like to keep my S/L level around the 1870$ level in case of extreme condition. My target right now is 200$ once my position will be filled from 1889$.