XAUUSD - Maintaining Bullish Momentum
Updated
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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
___
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
If you would like to see more trading ideas like this, please click the like button!
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
___
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
Comment
i hope none of you shorted gold :-) nice progressComment
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