Gold Analysis — Bullish Scenario

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Gold Analysis — Bullish ScenarioGold vs US DollarPEPPERSTONE:XAUUSDSNIPERSTNAs you can see on the chart, Gold has finally completed a full bullish move and has resumed its upward momentum from this level. From my perspective, I remain bullish on Gold. I have identified two important zones on the chart that I believe price could potentially come back to test. The scenario I am watching is for Gold to make a pullback toward one of these two zones, retest the area, and potentially look for liquidity and a reaction from buyers. If we get a clear bullish confirmation from one of these zones, I expect Gold to resume its upward movement and continue higher. So, I am not looking to chase the price at the current highs. My preferred setup is to wait for a pullback / retest into one of these zones, then look for confirmation before expecting the next bullish move.