XAUUSD Long-term analysis

2021年11月11日

XAUUSD is forming strong cup and handle on monthly chart. This is a strong bullish pattern, so my prediction is gold will go up. Gold will probably touch 1962.00 by the end of this month or the beginning of next, which is the highest price since November 2020, when gold started to fall from the highest point. If the gold reaches that peak the next target will surely be the biggest gold peak ever and that is 2077. Of course there is a good chance that gold will start looking for a new highest point. So TP3 will be in the zone between 2110-2150.

Entry: 1895.00

SL: 1800.00

TP1: 1962.00
TP2: 2077.00
TP3: 2150.00