Mihai_Iacob

Gold- 1480 is line in the sand for bulls

FX:XAUUSD   Gold Spot / U.S. Dollar
From the beginning of September Gold is correcting in a flag formation
After finding a bottom at 1450 the price moved in a tight range between 1450 and 1480
A break of confluence resistance at 1480 would announce a next leg up and could drive the price to 1550 zone in the medium term.

Strategy:
Buy the up break
SL @ 1450
TP @ 1550

*Long term trade

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