Gold - Intraday - We look to Buy a break
Prices have reacted from 1898. Posted a Bullish Hammer Bottom on the 1 hour chart. This is positive for sentiment and the uptrend has potential to return. Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 1907, which will confirm the bullish sentiment.
Our profit target is $1932
Resistance: 1927 / 1992 / 2075
Support: 1837 / 1763 / 1690
Prices have reacted from 1898. Posted a Bullish Hammer Bottom on the 1 hour chart. This is positive for sentiment and the uptrend has potential to return. Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 1907, which will confirm the bullish sentiment.
Our profit target is $1932
Resistance: 1927 / 1992 / 2075
Support: 1837 / 1763 / 1690
Trade closed: target reached:
Profit taken at $1910.
