XAUUSD: Are We Heading Towards $3000?After looking at monthly price momentum, in our view price can create all time high and go beyond $2500 in long term. Most of the economic data suggests the future growth on Gold. In short term right now we are targeting $2500 region at first after that we can some short term price correction. There will be multiple good entries that market will present, the first one is at the current trading price. We will update the chart as we progress.
good luck ;)
Goldlongtermlong
Short XAU toward daily retrace levelXAU Presents a Pending bearish opportunity toward a bearish pullback towards the daily 62% Fib level at 1802.00 level retracement.
Upon validation, we are able to continue looking for a long position that may break the Monthly resistance at 1840.00, setting buy orders at 1802.00 as this may prove to become a strong demand zone for Price to break the Monthly resistance.