• Vasily Trader

GOLD (XAUUSD): Bullish Outlook! How About Pullback?

Hey traders,

After a bullish violation of a key resistance, we saw a strong bullish continuation last week.

The closest strong resistance on my radar is 1900 - 1916 cluster.

At the moment the price is trading perfectly between two key levels,

in order to catch a bullish rally safely I would look for an occasional pullback first.

The safest zone for me to buy from is the contracting area between 1810 - 1835 demand cluster & a major rising trend line .

I do not predict that the price will drop to that zone,

I say that IF that zone is reached, it will be considered safe to buy from.

Good luck!