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Spot Gold : 1890-1900 handle upside channel resistance tested

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Ouro/Dólar Americano (OANDA:XAUUSD)  
UnknownUnicorn13514545  
OANDA:XAUUSD   Ouro/Dólar Americano
Trend Analysis Technical Indicators Beyond Technical Analysis Gold goldtrading goldforecast goldidea goldsignals XAUUSD xauusdsignal
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trendanalysis indicator beyondta gold goldtrading goldforecast goldidea goldsignals xauusd xauusdsignal
Yesterday we got some heavy volume trades in gold followed by a short term partial profit booking and interestingly at the same time of major profit booking happened in Cryptos . It was pretty clear about the 1890-1900 upside channel test since the SSI was less than 20% . As of now , price is consolidating around 1870-1875 level and likely to continue for some more time in our opinion.

Trend : Up
Upside Channel Resistance 1890 : Tested
One more Spike to 1890-1900 handle : Possible

Retracement / Testing the 50 day EMA : possible ( Higher inflation rates + possible comments from FED members )


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