kepaFX

Gold: the bias remains bullish.

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Our preference: Long positions above 1810.00 with targets at 1827.00 & 1832.00 in extension.
Alternative scenario: Below 1810.00 look for further downside with 1805.00 & 1800.00 as targets.
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.