XAUUSD
After a prolonged bull run, gold surged from 2455 to 2789 within four months. However, following the US election, gold prices dropped from 2789 to 2591. Currently, I am personally looking for a buying opportunity in this range, with a take profit target of 2672. If gold continues to decline towards support, it may successfully form a head and shoulders pattern. Should gold break down below 2600, I will look for selling opportunities targeting 2440 in the upcoming February.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.