Gold Back in Bullish trend?
I like to share my analysis on gold which is very bullish towards a new high. You may not believe that gold doesn't break $2000. I believe it does once again. The chart showing a target of slightly over 2100. Here is my trade setup.
1. Bulls and bears are going to the north. The only chance for a bear attack will be on the month of May.
2. I am favoring bull because the price moving through a channel. I have to favor bull till gold breaks this channel. Bears can be seen after breaking this channel with proper structure completion
3. Harmonic Bullish Gartley @ 1770
4. Price did not come out of the bullish channel
5. Incompletion of wave structure
6. The price momentum moving like impulse character
I have a bearish setup too. Many other analysts showing it that's why I am not mentioning it here.
Those who are interested in my private trade channel please PM.
I trade only Gold especially following pairs
XAUUSD, XAUAUD, XAUEUR, XAUGBP, XAUINR
1. Bulls and bears are going to the north. The only chance for a bear attack will be on the month of May.
2. I am favoring bull because the price moving through a channel. I have to favor bull till gold breaks this channel. Bears can be seen after breaking this channel with proper structure completion
3. Harmonic Bullish Gartley @ 1770
4. Price did not come out of the bullish channel
5. Incompletion of wave structure
6. The price momentum moving like impulse character
I have a bearish setup too. Many other analysts showing it that's why I am not mentioning it here.
Those who are interested in my private trade channel please PM.
I trade only Gold especially following pairs
XAUUSD, XAUAUD, XAUEUR, XAUGBP, XAUINR