Gold continues to rise after the accumulation phase ends!
Gold pullback to key structure 2322 would be a good entry point to buy the next rally!
This was also a key support structure earlier in a long-term consolidation phase. Along with that, it also played an important role in keeping the price down in the falling wedge as mentioned by the red pin.
Therefore, it would be more reasonable to wait for a buying opportunity after the pullback continues, and the bulls confirm the rejection confirmation from the mentioned zone, the likely scenario for this long-term target is at $2365.
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Gold continues to rise after the accumulation phase ends!
Gold pullback to key structure
2322 would be a good entry point to buy
the next rally!
This was also a key support structure earlier in a long-term consolidation phase. Along with that, it also played an important role in keeping the price down in the falling wedge as mentioned by the red pin.
Therefore, it would be more reasonable to wait for a buying opportunity after the pullback continues, and the bulls confirm the rejection confirmation from the mentioned zone, the likely scenario for this long-term target is at $2365.
an hour ago
Trade closed: target reached
（Source from: TV-SPviewfx）