FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
As shown on the chart.. We expect Gold will be up on the next week.. We have a bullish divergence on a strong support with a bullish price action.. breaking 1293 level is a clear indication to a continuous up-trend.. If it descend more, it will be a good chance to take it from a good price from the bottom.. As long as it is moving inside the channel, it's correcting and gaining momentum preparing for an up-move.. Breaking 1277$ and starting to make a pullback, indicates a down-trend to 1260, 1250 and 1240 (mid-term).. But, now an up-move is highly expected.. Targets might be 1300, 1310 and 1320 respectively.. Best Regards,
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.