rmshraj

XAU USD Week 23 Jan to 27 Jan

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
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Gold is continuing its upward move within this ascending triangle , given by the reversal at 19 Dec and confirmation on 26 Dec. Expecting to test the upper resistance line for the triangle if the 20 and 100 EMA doesn't cause it any trouble first at 1214.65 and 1231.86 respectively.
I would look for buying opportunities in H4 chart and hold long positions if there is any.

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