Gold Price heading to Psychological 2000
Hi Traders ,
We had a breakout of the squeeze/ Bullflag lastweek with a pullback and then not much action towards the end of the week. This week I think Price is likely to go looking for the psychological area of 2000. We have a strong uptrend , price remains above 50 day EMA on all higer TFS and RSI is above the 50 Mark. Iv also marked a double bottom and break out retest as extra confluences. I dont think price will start to reverse and decrease at the 2000+ area it may well break through and drive much higher.
However, If Price Breaks below 1959 area it could fall as low as the bottom of the 50 day Ema around 1920. But we can see that the Ema has a nice arch upwards .
I see BULL , But I maybe wrong
Goodluck and have a profitble week ahead !!!!!
We had a breakout of the squeeze/ Bullflag lastweek with a pullback and then not much action towards the end of the week. This week I think Price is likely to go looking for the psychological area of 2000. We have a strong uptrend , price remains above 50 day EMA on all higer TFS and RSI is above the 50 Mark. Iv also marked a double bottom and break out retest as extra confluences. I dont think price will start to reverse and decrease at the 2000+ area it may well break through and drive much higher.
However, If Price Breaks below 1959 area it could fall as low as the bottom of the 50 day Ema around 1920. But we can see that the Ema has a nice arch upwards .
I see BULL , But I maybe wrong
Goodluck and have a profitble week ahead !!!!!
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