XAUUSD monthly 20% upside possible TP1850(NEW)

24 de mar. de 2020

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XAUUSD monthly 20% upside possible(NEW)

Ok so let's recap the monthly chart in gold,
cause anything below this TF doesn't give
many clues on future price action.

V-shape recovery in progress, potential
target for bulls is near 1850 later.

Currently, we got a spinner on monthly,
which highlights indecision most of the time,
however in the current context (prior strong
bull market in gold + corona + global stocks
are getting smashed hard), I'd say that this
is likely a sign of continuation of the prior
uptrend.

recommended strategy:
buy dips near 1500 target is 1800/1850.
this is buy and hold setup, do not expect
miracle/overnight gains, also if you plan
to hold, please mind the daily swap.

good luck traders.