LONG GOLD TILL 1170-1190 + Gold Forcast

FX:XAUUSD   Gold Spot / U.S. Dollar
458 3 9
Updated with some indicators I use.
-possible golden crosscover 50>200ma soon on daily chart

LONG GOLD             TILL 1170-1190 then SHORT between 1170-1190 next week for 1-2 weeks. sl above 1192. target around 1110-1130.
Then long again around 1130. till at least $1250-$1285.

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Comment: UPDATE:
If gold breaks 1191 resistance, we should see $1200 before a retracement down to $1130 region. This weeks trend is bullish till mid or end of the week.
Comment: Potential new top is $1200-1203
Comment: New Retracement Target is $1140-1150
Comment: UPDATE: due to the stock market crash, gold is seen as a hedge so expect this whole week to be bullish. possible target is around $1225 which is the next major resistance level. Next week we might have a $50+ retracement.
Nice! We got the same Top Target but I think 1130s is too ambitious - maybe retrace to 1161s even 1155s
Loii eskgroup
i agree, my new support is 1150 or so.
+1 Reply
nice work and knowlage
+1 Reply
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