XAUUSD Gold Technical Projection for the Week (30/9)

FX:XAUUSD   Gold Spot / U.S. Dollar
112 0
Gold ended the week with a strong reversal candle at 1183.41. If the reversal is true Gold will be back again inside the range between 1211 and 1183 levels.
Resuming its strong downward move last Thursday (27/9) will be will be a god for longs, if forms a double-bottom next week that can serve as a solid base for buying.

Bullish Scenario: Targets at 1210.99 and 1217.70
Bearish Scenario: Targets at 1171.85 and 1160.66

Disclaimer: Technical Projections are not to be treated as financial advice but solely for educational purposes only.

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