YGForex

[Full Outlook] What will happen to Gold Now?

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
As we can see gold managed to hit around 2075 price level where we started seeing bearish movement forming today. We were all anticipating a BEARISH retracement but which level will we be looking at for now. I will like to see gold reaching 1885 price level which will be showing that gold will be back in trend as it heads up. Less impulse movement will also be seen at this area as gold respected this bullish trend movement and no reason to see a break. For 1885 price level there will a nice trend support level as well as a 61.8 fib level retracement potentially occurring. After this movement, I will believe gold will be moving up and stabilising.

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