SonicDeejay

XAUUSD Weekly Update (25/12/15)

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Did you follow my start-to-Bullish call on XAU/USD (Gold Spot), last week?
I hope you make $$ from it (read it in link below for my last week analysis)

Looking Forward, I reckon the Bullishness to continue.
Tweezer bottom ($1050 level) is acting as support for advancement.

Nonetheless, we have yet to see Higher Low (HL) in the wave analysis.. So, this pairs is considered as "still in the down trend"

Support Level: 1087.10 and 1107
Resistant Level: 1062 and 1050

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.