Gold/Xauusd on Long Term Outlook

Gold/Xauusd Still on Uptrend.

1).Current Price at 1609.05,However Gold could still continue rising towards upside due to Coronavirus Outbreak that fears the Global Market.
2).Once it's break is current price it could look for immediate support at 1612.
3).If could break 1612 can immediately look for further resistance on top at 1630/1631.
4).Cup & Handle Pattern Spot on Gold Weekly Time Frame.
5).According to RSI it might retest near RSI 85 level to find support near 1589 - 1575 before continue rising on the next leg towards 1700 psychological price.

This is my point of view on Gold Outlook.Kindly please trade at your own Risk.

Thanks and Have a Profitable Trading

Commentaire:

Gold Now make a consolidation/correction around 1686 - 1636,if it breaks 1636 below can look for further support near 1611 - 1591 before rising towards next leg at 1800.Overall on Long-term basis this outlook exactly will be happen.

When nobody know until it's happen? But surely will rise to 2000 price above by end of this year or by 2021.

Good Luck and Trade at your own Risk