Gold Bulls Are Insatiable—Is a Breakout Above 2940 Next?

19 de fev.

Yesterday, Gold continued its rebound from Friday’s sell-off. Although I expected a new leg down from my 2920-2925 sell zone, the price exceeded that level and retested the all-time high zone for the third time in just eight days.

This type of price action—strong reversals after a sell-off—could indicate that bulls are not done yet, making a breakout above 2940 likely.

At this point, I’ve cut my losses and exited the market, waiting to see if the price confirms the potential for a new all-time high this week.

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19 de fev.

Trade ativo

XauUsd broke above the ascending triangle's resistance and made a new ATH.
The next target could be around 3k and the measured target for the pattern is 3020