With gold making a clear upwards breakout from 1247.96 levels, there is a clear path for gold to head to 1278.39. Personally I am going to wait for a retracement back down to 1255.00 before going long again.
For more daily signals and analysis, please follow me. As well don't be afraid to leave a comment either you agree or disagree. Happy trading!
For more daily signals and analysis, please follow me. As well don't be afraid to leave a comment either you agree or disagree. Happy trading!
Trade closed: target reached
Comment:
XAUUSD0.33% has been every bullish lately, and there is a possibility that this pair might head lower to have a breather. Currently we can see the pair forming a triangle pattern which indicates a breakout to any direction. I'm personally going to play this pair safe and wait to see what happens next. Happy trading!
