Gold- building pressure for a break
In my Sunday weekly chart analysis, I said that I expect a new leg up from Gold, and so far, so good.
Looking at price action yesterday we can see that after a short-lived dive under 1800, Gold recovered quickly leaving a pin bar on our daily chart.
This is a clear indication to me that bulls are in control and I expect a break from the recent range to the upside.
The target for swing traders can be 1920 and for short-term traders, 1850 interim resistance can also be a target.
Looking at price action yesterday we can see that after a short-lived dive under 1800, Gold recovered quickly leaving a pin bar on our daily chart.
This is a clear indication to me that bulls are in control and I expect a break from the recent range to the upside.
The target for swing traders can be 1920 and for short-term traders, 1850 interim resistance can also be a target.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
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t.me/FanCryptocurrency
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t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
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