Anthony-Ryan

A pullback will push gold prices up

Long
Anthony-Ryan Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar

In terms of market, the situation in the Middle East is becoming more and more serious, and gold will rise further.
Economies.com mentioned in the article that the price of gold fell strongly after starting today's trading and fell below $1977.25 per ounce, which suggested that the outlook for gold prices will turn bearish.
In my opinion this may be a further push for gold to rise. Gold prices have once again broken through the key 1977.25 level to confirm the resumption of the bullish trend, with the next major target located at 2016.90.
Gold now has strong support at 1955 and 1945.2 points.
Today target is 2000
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Comment:
Weak US dollar supports gold prices, focus on the situation in the Middle East and European and American PMI data

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