XAU/USD Long-term Bullish
Updated
Spot Gold to U.S. Dollar
1850s area was the last support last time we were at these levels. Any lower will most likely try to find support from high liquidity levels to launch a rally to 2100. All signs point to Gold being bullish with increased implied volatility due to macroeconomics, election, and many other factors.
Goldman Sachs increased their projection of Gold Futures to 2100 by 2021.
Long 1850 when a suitable opportunity comes.
1850s area was the last support last time we were at these levels. Any lower will most likely try to find support from high liquidity levels to launch a rally to 2100. All signs point to Gold being bullish with increased implied volatility due to macroeconomics, election, and many other factors.
Goldman Sachs increased their projection of Gold Futures to 2100 by 2021.
Long 1850 when a suitable opportunity comes.
Note
Gold Spot / U.S. Dollar
Update
Gold Futures bounced @ 1797 while Spot Gold CFDs bounced from 1800
Expecting more downside possibly sub-1800 levels
180x liquidity might get taken out
Looking to see accumulation at 180x to possibly confirm market bottom
Important Levels:
1832
1821
1794
1770
1745
1720
1670
This analysis was sent for free on my telegram channel: t.me/ninjatradingfree
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