Gold to continue the Bullishness
As mentioned in previous Analysis, support taken from 2370
If Gold sustains above 2450 2500
Short term 2700 could be tested
Longer term 3000 could be tested
Rationale:
Support taken from
1. Fib 0.23 retracement of the rally from 1986 to 2450
2. DEMA 50
Bullish Flag Breakout
If Gold sustains above 2450 2500
Short term 2700 could be tested
Longer term 3000 could be tested
Rationale:
Support taken from
1. Fib 0.23 retracement of the rally from 1986 to 2450
2. DEMA 50
Bullish Flag Breakout
הערה
Do Not treat Gold as bearish, unless it starts trading below 2360 2370הערה
Anywhere above this zone and Bulls will not giveupהערה
XAUUSD
Bearishness
If at all Any
Only below 2485 ~ 2490
Else this could be another rally in making..
Preparing for 2600
Although 2440 retest is a fair possibility.
Below 2440, Next Strong Support around 2360 2370.
Can't Rap the Crap all day long..
So Keeping it Simple..
הערה
After 2600 2700 3000 Are Medium Abbas longer term targetsהערה
Towards 2600 2700הערה
2600 done 🎉🎇הערה
2530 2500 retest likely if sustains below 2565הערה
If 2565 Respected, then Bullishness to continue הערה
2565 respected..הערה
Towards 2700 2750הערה
2700 almost doneהערה
ME Escalation calls for More upside..
2700 2750 quite likely
הערה
2700 Done!
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