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GOLD (XAU/USD): detailed breakdown. Growth will continue?

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
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OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Multiple Time Frame Analysis Support and Resistance Gold XAUUSD priceaction Technical Analysis multitimeframeanalysis investroy
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trendanalysis mtfa supportandresistance gold xauusd priceaction technicalanalysis multitimeframeanalysis investroy
Taking a look at the WEEKLY timeframe chart, it can be inferred that the price has nicely rejected the zone of support that lines up with 0.618 Fibonacci retracement level. Zooming into the DAILY timeframe chart, we can observe that the price has been nicely rejecting the local zone of 1915 support. We are carefully eyeing the price action and looking forward to opening BUY positions. $1960 is our initial target and $2050 is the long-term one.

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