PropSignals

XAUUSD Bullish long term directional bias

Long
TVC:GOLD   CFD sur Or (US$/OZ)
**Yearly Chart**
When looking at XAUUSD (Gold) yearly chart, we can see 2023 candle broke an all-time high and closed bullish. There is a strong chance that we will see it creating higher levels this year. The long-term bias on yearly is still bullish.

**Monthly Chart**
Last month candle was responsible for creating a new historical high at 2146 level. Therefore, I am expecting to see new highs in the coming months.

**Weekly Chart**
Moving into a weekly chart, I can see a nice upward movement trend. This indicates that any pullback is a good opportunity to buy long into this trend.

**Daily Chart**
I want to see the price break the equal lows area, move a little lower towards the imbalance candle, and confirm to start the move higher. However, if the price doesn’t break the new high I will be expecting it to move below the 2000 level (round number - Key level) as a short-term bias.

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