OANDA:XAUUSD   Or / Dollar Américain
I have been looking for a punt at gold for a long time.
Every FA seems to point towards inflation , I am now looking at how gold is currently behaving.
I would buy the breakout of the trendline if I see big volume coming in.

Disclosure : I own Gold through PAXG token and recently buy a few gold mines stock.

Commentaires

I personnally didn't see gold falling that far.
I would be more cautious if it breaks the 1700 level (lower Low + break of trend line).
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The set up looks pretty amazing...
I'm quite bullish on it. MACD is heading to the long part, the trendline has been broken ( a retest would give a perfect entry point).
On the TP we could see how PA behaves around the breaker high (2000usd/oz).
A break of this and we could have a big move towards 2500 in my opinion.
I would worry if Price were to pull bak to 1700 (break of market structure => coming back to neutral/bearish).
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