XAU/USD H12 Analysis
On the 13/14th November, Gold found buyers at circa $2540 per troy ounce.
The move up to a high of $2710 at the end of the week, looks impulsive, with no sign of sellers apart from some small pullbacks.
The moving averages have crossed over too and are now in a bullish order with angle (pointing upwards) and separation.
Next week, we may see a pullback in price, back to the moving averages, where a bigger correction could take place. If this happens, then there may be opportunity to go long Gold, if it meets your strategy rules.
The move up to a high of $2710 at the end of the week, looks impulsive, with no sign of sellers apart from some small pullbacks.
The moving averages have crossed over too and are now in a bullish order with angle (pointing upwards) and separation.
Next week, we may see a pullback in price, back to the moving averages, where a bigger correction could take place. If this happens, then there may be opportunity to go long Gold, if it meets your strategy rules.
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