Mihai_Iacob

Gold- My target remains 1770 (update)

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
For three days now I argue that Gold can rise and visit 1770 resistance and, indeed, after finding a bottom at the 1730 zone, the price has started to rise.
Yesterday Gold consolidated in a range and now the resistance of this range is broken.
Continuation after this break is to be expected and my target is in focus.
A drop under short-term support would negate this bullish scenario

My previous analysis of Gold:




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