HUGO_DT150

GOLD Upwards movement possible 60min Time Frame

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Possible movement towards the upside. Should price break at 1914.50, it could possibly reverse back to 1908.16 and move up again to retest the previous levels of 1914.52 - It the impulse move continues, a Fibbonaci Retracement can be drawn on top of the 1914.50 level. I would consider a BUY position with TP1 at the 0.786 level and Possibly the 0.618 level as well.
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