effilang

XAU|USD - Long Opportunity

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
There is an opportunity to long the XAU|USD on exhaustion of the corrective movement initiated at 1673.62

- Long entries may be initiated now
- Stop Losses should be below the last swing low of 1643.67 (Red Horizontal)
- Target Point A : 1.685.00 (Green Horizontal)

All remaining target and intermediary resistance zones to the upside are marked above entry by consecutive horizontal lines (blue.)