FxWirePro
Long

Gold faces trend line resistance around $1152,targets $1169

FX:XAUUSD   Gold/U.S. Dollar
635 1 10
Gold             is facing strong trend line resistance around $1152 ( trend line joining $1169 and $1156) and any break above will take the pair to next level $1160/$1169.

On the downside minor support is around $1143 and any break below targets $1134/$1128.

Short term weakness only below $1128 level.

It is good to buy only above $1152 with SL around $1143 for the TP of $1160/$1169
BCMel
a year ago
Hi: Does the price action change your view much? The downtrend line is holding out.
Reply
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