Alright XAU... What You Wanna DO?!
If I may, gold is one hell of a b*tch! But one thing I know is this: you act right, she will too :)
So this week I tried numerous times posting my video analysis on gold but Tradingview don't wanna see me winning sooooo, here's another script for you all!
So yesterday gold took its small power-hour shutdown, once she awoke again... BOOM! $1913! I'm initially bullish on gold as a overall for this week. At the moment it re-opened I was actually setting up a sell lol luckily I didn't execute it because gold had blasted off from 1897ish up to $1913. Now that we've reached this level, which by the way hasn't been seen since May of 2021, I'm anticipating gold to retrace a bit before continuing upwards.
"Well we know you're bullish BIg P, but what's your next target??" I'm glad you asked.
What I'd like to see is this: a small pullback to $1897 (which is happening now lol) to potentially blow up and take out the previous highs at $1905 area! If we see a clean break of 1906ish, I think it would be safe to assume we will be retesting $1913 and above. Long term, my next target for gold is $1917 (which is do-able) then on up to $1927!
So, my overall on XAU: BULLISH!
So this week I tried numerous times posting my video analysis on gold but Tradingview don't wanna see me winning sooooo, here's another script for you all!
So yesterday gold took its small power-hour shutdown, once she awoke again... BOOM! $1913! I'm initially bullish on gold as a overall for this week. At the moment it re-opened I was actually setting up a sell lol luckily I didn't execute it because gold had blasted off from 1897ish up to $1913. Now that we've reached this level, which by the way hasn't been seen since May of 2021, I'm anticipating gold to retrace a bit before continuing upwards.
"Well we know you're bullish BIg P, but what's your next target??" I'm glad you asked.
What I'd like to see is this: a small pullback to $1897 (which is happening now lol) to potentially blow up and take out the previous highs at $1905 area! If we see a clean break of 1906ish, I think it would be safe to assume we will be retesting $1913 and above. Long term, my next target for gold is $1917 (which is do-able) then on up to $1927!
So, my overall on XAU: BULLISH!
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