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EricaXAU

GOLD to rotate back up!

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
EricaXAU Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns XAUUSD xauusdlong
4
2
trendanalysis chartpattern xauusd xauusdlong
GOLD broke the upward channel limit again and consolidating. There is a support at 1835, which used to be a resistance, and the market respected it several times.
I expect GOLD to continue consolidation and may try to touch the support at 1835, before it rotates back up.
Upside target: 1850
Comment:
senario cancels if the support doesn't hold. In that case, it may go for 1810.
Comment:
Tell me what you think! Love to hear different ideas!
Comment:
now gold is climbing back to the upward channel. let's see what happens next!
Comment:
Very Nice! GOLD went up to as high as 1855 and then came down a little bit. Now we watch whether it holds the lower bound of the channel.
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