adriel.arrasmith

XAUUSD (GOLD) to $1430

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
The USDOLLAR has officially broken down, but currently in a consolidating period. XAUUSD broke out of a long term wedge and is now consolidating. The retail crowd is short pointing to further gains. From a technical perspective the wedge target would come around $1430, where there is a major resistance area, the 50% fib from the 10/12 high to the 12/15 low and also the 1.618 fib extension of the recent move from $1150-$1280 would come in around this area to at $1430. After we reach this area I would expect a move to retest the broken trendline that touched in 2011/2012. Then further gains should continue.

Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.