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Mihai_Iacob

Gold- To reverse from support?

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Mihai_Iacob Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators XAUUSD Gold goldtrading goldidea goldanalysis xauusdanalysis xauusdlong xauusdbuy
19
2
trendanalysis chartpattern indicator xauusd gold goldtrading goldidea goldanalysis xauusdanalysis xauusdlong xauusdbuy
Since the 2k high from 10 days ago, Gold has fallen almost in a stright line, losing 6% of its value (1200 pips).
Now the price of XauUsd is in a strong support zone and at least a correction to the upside is probable.
Bulls can target 1920 resistance
Comment:
Gold has recivered twice today from 1880 zone, the second time, pretty quickly.
A good sign for bulls
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