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walidmaksoud83

Gold May begin to rise

Or / Dollar Américain (FX:XAUUSD)  
walidmaksoud83 Mis à jour   
FX:XAUUSD   Or / Dollar Américain
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
Gold has tested the 1810-1814 more times and now has been broken the downeard line and broken the liquidity area , so it is expected to move toward higher levels 1857-1861.
Confluences:
1-Tested strong support area more times.
2-High volume.
3-Storng bullish candle.
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Gold already has been reached to the first target at 1850 zone.
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we are waiting for more correction wave to 1935 to confirm the buy entry.
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Gold has been reached at all identified levels.
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Gold broken the 1880 level ,and reached to 1884 , so we are waiting for re-test 1880 to confirm that will resume the upward bias.
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Price has pullbacked to 1880 level after CPI data which is more than expected.
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