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Xaiisd

XAUUSD - Gold Bug's Road Map for Swing Long Cup and Handle This 4 hour chart of XAUUSD Spot Gold demonstrates a cup and handle over the past year. The stochastic RSI indicator has been adapted to the long chart period. Over the current YTD the handle has formed and price is headng to the top of the cup where an uptrend should extend to the same additional upside as the cup height. This would equate to a price of about $ 2100 to be achieved over about six months which is approximate 1/2 of the cup width. Fundamentally, the expected recession coupled with the bank upheavals, the collapse of FTX and other challenges to crypto lead a " flight to safety" Globally, central banks are stockpiling gold as means to fortify ahead of the economic headwinds This has created a supply and demand imbalance. Eco 101 says the price will adjust upward until demand destruction sets in. On the equities markets, mining stocks have had a good month as have the ETF both leveraged and unleveraged.
OANDA:XAUUSDLong
by AwesomeAvani
GOLD ready to GROWTH and breakdown resistance levelThe price is returning to growth after it suddenly and strongly collapsed in the middle of last week. Let me remind you that after the collapse, the price broke through the support zone at 1800.37, where a strong level passes. However, after the breakout, the price stopped in the 1769.70 zone, reversed from it and began to grow again. At the moment, the price continues to move away from the zone and I expect growth. Despite the decent resistance in the form of a level, I expect the price to continue to rise. In the area of ​​the level of 1800.37, it will correct and eventually come to the resistance line 1828.07. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDLong
by Lingrid
28