On a monthly view, gold has monthly bullish objectives. Currently it continues to make highs towards a decisive zone: a potential sales area (supply) where buyers could take their profits.
It is also quite likely that instead of starting a new downtrend from 1565.00 ~ 1620.00 the price consumes supply and will seek the highest recents liquidity. From this point, XAUUSD can enter a sideway market profile.
To what level will gold continue to appreciate? keep eyes open and good luck fellow traders : )
It is also quite likely that instead of starting a new downtrend from 1565.00 ~ 1620.00 the price consumes supply and will seek the highest recents liquidity. From this point, XAUUSD can enter a sideway market profile.
To what level will gold continue to appreciate? keep eyes open and good luck fellow traders : )