Pashabxl

XAUUSD: 1205 need to be crossed for further upside

FX:XAUUSD   Gold Spot / U.S. Dollar
2
This is a pure Chartist analysis. There is no sign of reversal, but GOLD couldn't cross the initial target i.e 1205.
If Eur is being reinforced against USD, this could mechanicaly help XAUUSD to cross 1205 towards 1212 but on a 1H chart, it looks as if there was a "fatigue" among the buyers. Let's wait and see
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.