XAUUSD Enters a new High Time Frame Range

The price of gold had a convicting weekly close into the new high time frame range of 2775-2935.

With fundamentals currently driving the prices of gold higher and the technical levels achieved it only makes sense for gold to continue its bullish trajectory. Price is strongly moving in an upwards channel.

A pullback to 2765-2784 zone to retest this breakout into this new range can bring a great entry point to go long but when analysing previous range breaks can not be guaranteed and price can continue from current levels. Deep corrections are not needed to keep driving the prices of gold higher as clearly seen on my chart.

Mid ranges are always magnets and this will be my first area of interest.

Good luck

交易進行

Absolute banger once again with my High Time Frame Ranges, everything is playing out as planned.
Hope you are catching some nice moves.

交易結束：目標達成

Mid range target reached. Still seeing alot of strength here gold broke out above the upwards channel in New York yesterday. Well done bulls

註釋

2894 next target when price closes above 2854

註釋

Last week closed above the 2855 mid range level… next target of 2894 is still the objective.

註釋

Target 2894.50 reached now the goal is to reach range high of 2935

註釋

Target hit

註釋

With the continuation of Trumps Trade War/Tariff chatter gold continues to be a strong safe haven asset.
Close and Hold above 2934 then next target will be 2974