Gold fell down earlier but the support at 1855-1865 holds and now is looking to rise and test the resistances. As long as Gold remains above 1840 which I am confident it will because of the massive volume in that level indicating that it is a strong support, then I see Gold reaching 1895 in the short-term and 1940 in the mid-term. If Gold penetrates 1880, then bullish bias is incredibly strong. This analysis was made last week but because I got suspended for breaking house rules, the post was removed. Gold will rise. The arrows were drawn earlier last week, showing that it could go down to retest and rise but as of now, it looks like it will bounce off this level.
Trade closed: target reached:
Target 1 reached.
