XAU/USD - Lack of Bears
It's almost 20 days since the famous fakeout that caused gold to drop from 1130 to 1070 in a second. Unfortunately for the bears, the price action failed to follow this breakout. Instead it formed a strong hagopian support line that's been tested five times since 24th of July.
This is a long term buy (more than a year).
This is a long term buy (more than a year).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.