We are close to the support of 1,500 USD coming from the Trend Line since the end of May 2019, then we have a support around 1485 since August that have been tested several times without success, and finally we have the EMA55 approaching to give an extra support.
If we also add the way rates are decreasing in the world, gold has everything to continue going UP.
I won´t include any specific TP in this case as this is could be for a really long time reaching values much higher than 2,000. The stop loss will be at 1470, and just to share an R:R we consider a TP of 1900 we are talking of a R:R of 10:1 considering current price of 1513
If we also add the way rates are decreasing in the world, gold has everything to continue going UP.
I won´t include any specific TP in this case as this is could be for a really long time reaching values much higher than 2,000. The stop loss will be at 1470, and just to share an R:R we consider a TP of 1900 we are talking of a R:R of 10:1 considering current price of 1513
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