this is my predictions to determine base bottom of XAUUSD for 2021.
for longterm outlook XAUUSD still BULLISH.
this is just a phase to start from bottom.
and based by fundamental since Democrat win the presidential eceltion and senate are full of democrat whic :
- Stimulus plan 1.9 Trillion US$
- Tax Raise
- Interest rate Raises
so i still bullish for XAUUSD this...
TECHNICAL :
My simple point of view for XAUUSD.
im personally assume that XAUUSD in D1 and Weekly timeframe are creating Bullish Flag.
Since the price are retraced at point 50.0 Fibonacci Retracement, and doesn't cross the bottom trendline, Price go Up again.
While price Going up again and again, prices break the TOP Trendline ( Flag Trendline )
So i put that...
