Simplymyname

XAUUSD 1H | correction expected

Simplymyname Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold has rallied higher since the morning and hasn't seen a correction yet. I'm expecting Gold to hit its head around the 1950 area and to start a downward move to 1931 / the white trendline
If the trendline is broken we might see 1920,1900 and 1888 again. If the market gets rejected at the trendline I expect it to rise to 1965.

Entry: 1948-1952
TP: 1940,1932
SL: 1955
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