XAUUSD TRADE IDEA

My thoughts on XAUUSD (requested by one of our subs)

- Technical analysis: Recently, XAUUSD was in a uptrend after strong 1681-1675 demand zone was retested. Also, nice HHHL structure can be seen on the chart to confirm the uptrend.

- Fundamental analysis: China allowed banks to import 150 ton of gold worth $ 8.5 billion in April and May. This indicates that price of gold will increase.

Therefore, my bias for #GOLD is long
Chart PatternsFundamental AnalysisTrend Analysis

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