Bullish GOLD is Targeting a Retest of 2040

GOLD Technical Analysis

  • Weekly is up
  • H4 retracement and long entry on a cross
  • 288 pips is the ATR
  • 2030 is the first TP

MEGATREND MAs: Waiting for Cross

H4 Chart GOLD

  1. Entry zone
  2. Cross
  3. Megatrend target

Gold demonstrates a positive outlook. To confirm another upward entry, we must wait for the moving averages to intersect. The initial entry took place in 1997, while the subsequent one will occur after moving averages provide confirmation. Bullish investors are purchasing gold during price dips, and it appears poised to challenge the 2030 level, followed by 2040. The primary resistance is situated at 2022. Upon the occurrence of a moving average cross, I will add an additional long position. It is advisable to maintain stop-loss orders at 1989.

This analysis, all the patterns and all entry signals and targets are a part of the Megatrend system Join my Telegram group to receive trading signals

Cheers and safe trading,



Cheers and safe trading,


Leave a Reply

Your email address will not be published. Required fields are marked *

5 keys how to instantly
improve your trading

Enter your email below and download the guide!

To get a discount on all my services open the account by clicking on XM banner below

71-75, Shelton Street, Covent Garden, London, WC2H 9JQ


Past perfomance is not indicative of future results. We don't offer refunds!