pongbao
Long

Long scenario for gold

FX:XAUUSD   Gold Spot / U.S. Dollar
Due to NFP numbers, I am updating the gold's movement projection. 1200 remains a strong support at this moment, while target should be around 1373 to 1463 in the following months, maybe at the end of the year. As soon as the Fed subscribes to a dovish stance, this could easily sky rocket to 1300. BrExit may also be a factor in this flight towards 1400 levels.
Trade active: Current scenario for gold. Still on track.
Trade active: Updated chart:
Comment: Updated idea:

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