Watching XAUUSD Weekly for a POTENTIAL Long

Looks interesting. we have had some bearish momentum on the weekly, but are still in a healthy uptrend. We need to see a break of the bear flag and a higher low formed as a correction back into HL & HH uptrend structure. Then look for longs. Falls in line with the fundamentals and the long term strength of gold.
You can also look for longs now on the daily Once price crosses above 200ema with HH and HL, which may seem likely at this point.

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Good luck

Kommentar:

Looking good. It would have been good to take out half the position some time ago at the highs. Collecting profits. The other half is still kept in the long.