ARESABI

XAUUSD - Maintaining Bullish Momentum

Long
FOREXCOM:XAUUSD   Gold / US-Dollar
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The price of Gold is in a very strong uptrend and follows a previous pattern, which is already in it's final stages.
We saw a breakout of a descending horizontal channel with a strong move. We do also see a golden cross appearing with the MA 50 and MA100, which might support another great bull-run like in mid 2019.
I personally don't trade Gold but please: don't trade against the trend. Don't try to time the market!

Cheers,
cryptobuller

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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
Kommentar: i hope none of you shorted gold :-) nice progress
Kommentar: Updated idea:


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