Gold Bullish Trend is Powerful as 1569 Could be Next

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The Gold (XAU/USD) could continue with uptrend soon as the price is relentless. 1500-10 has held the dip and we are going up!

In the next 45 mins we should see a confirmation. A cross of my Mas will confirm a possible new bullish entry on the Gold. If it happens, the targets are 1543, 1561 and eventually 1569. A break above 1569 will be sign of a renewed strength as the price will be above M H3 camarilla too. No signs of any weakness except below 1500. Even then, the Gold is bullish but then 1569 will be ruled out.

The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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