Gold is close to a break up
After a drop on Friday after the NFP announcement, yesterday, Gold has recovered losses and managed to finish the day close to the top of the range.
Since the recent 1680 low XauUsd is putting in higher lows on our chart and now is pressing the important 1780-1790 zone resistance.
A break here looks imminent and Gold can pass above the 1800 figure.
Such a break could lead to further gains towards 1850
I'm bullish as long as Friday's low is intact
Since the recent 1680 low XauUsd is putting in higher lows on our chart and now is pressing the important 1780-1790 zone resistance.
A break here looks imminent and Gold can pass above the 1800 figure.
Such a break could lead to further gains towards 1850
I'm bullish as long as Friday's low is intact
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