Gold prices will still find support even as risk assets, such as stocks, rise. In addition, Goldman Sachs has forecast that gold prices will continue to rise this week after the FMOC meeting margin is announced.
If the upward momentum of XAU/USD continues today, it will mark six consecutive rising sessions for gold prices. Currently gold is trading around $2,035/ounce with the nearest resistance at $2,035-$2,037. In addition, gold price is still in a price channel extending from $1,982.34 to $2,078.62.
If the upward momentum of XAU/USD continues today, it will mark six consecutive rising sessions for gold prices. Currently gold is trading around $2,035/ounce with the nearest resistance at $2,035-$2,037. In addition, gold price is still in a price channel extending from $1,982.34 to $2,078.62.
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+ 30 Pips Move SL to entry ✔️✔️✔️
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+70 Pips Close all ✔️✔️✔️
TP1: 2020
TP2: 2015
SL: 2033