XAU/USD:CORRECTION IS OVER
LONG TERM ANALYSIS: Gold has for the last 25 months been climbing due to global economic uncertainties,COVID and printing of money from Central Banks.The technical formation created,is of an asset in bull trend.As long as the metal stands higher than 1400$,we keep long positions aiming towards min. 3300$,max…
SHORT TERM ANALYSIS: As correctly described in last analysis:”Mid term trend line downwards broken,the metal stands at a difficult situation looking weak.We can try now (1675$) going short aiming 1625$.Stop loss at 1695$”.Target accomplished,profits of 50$ received.We can re enter short at the downwards break of 1610$ aiming 1540$.Stop loss at 1640.
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