Chartist-Trading

GOLD: Possible reaction from support

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold is testing the first important support area at 1755-60, followed by 1747-50. RSI divergence alongside with the price structure indicate that a reaction towards 1775-80 is the moist probable scenario. We buy at current levels and we are going to add at 1750. We set our stops below 1743 and our initial target at 1775.
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