hajiyevrashad

Gold is headed towards $1,975?

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold (XAUUSD, $1,904) continues to advance within ascending wedge formation, which has tendency to break-down even if for short-term. However, any breakdown of the lower band of the wedge (blue) is likely to offer a shallow pull-back, therefore, support comes just under $1,975 level Gold's next target is $1,967 - 1,975!


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.