InvestMate

InvestMate|Gold May Surprise PositivelyđŸ„‡

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OANDA:XAUUSD   Guld / USA-dollar
đŸ„‡Gold May Surprise Positively.

đŸ„‡As I wrote in a previous post about the possibility of continuing the uptrend and making a new top:

đŸ„‡Yes and this time I am not changing my opinion.

đŸ„‡First of all, I wanted to draw your attention to how the price rebounded from the nearest support zone determined by the fibo level of 0.382 of the entire downward wave from the peak in March to the bottom in August.

đŸ„‡The resistance zone which is the target I determined in the previous post.

đŸ„‡Looking at the indicators, the MACD histogram and the RSI you can see that they support my scenario.

đŸ„‡The scenario I am playing out is a continuation of the upside to the vicinity of the resistance zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

đŸ„‡*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀

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