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Goldlongsetup

GOLD DAILY ANALYSISHey traders, Markets are now closed but this is the best time to review and analyze what happened over the past week. Price for Gold touched the green trend line I drew which may be part of a bullish flag pattern for gold. Price immediately bounced up, with 3 bullish candles before experiencing a minor retrace on Friday. The close on Friday was weak and indicated bears were not in control the full time. On the MACD we see bearish momentum fading, and a possible bullish cross about to occur maybe sometime next week. My bias for next week is up, and for the bulls to remain in control. Simple price action and analysis.
OANDA:XAUUSDLong
by FXShinobi
GOLD H1 ANALYSIS LONG OPPORTUNITY - PRICE @ TRENDLINEHey traders, Gold has reached an inflection point, as seen by the blue trend line drawn. Gold previously was stuck in the green consolidation triangle before breaking hard to the down side. I am waiting for a confirmation signal in the form of a bullish candlestick, or strong bullish close to go long. Price is still in the ascending triangle structure. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com Tiktok: @forexshinobi ForexShinobi.
OANDA:XAUUSDLong
by FXShinobi