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FxTradeling

Gold (XAUUSD) is in Strong Recovery Mode

Long
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
FxTradeling  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis XAUUSD Gold goldidea goldtrading goldanalysis
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trendanalysis chartpattern waveanalysis xauusd gold goldidea goldtrading goldanalysis
Yellow metal is in a strong recovery mode. After a recent bounce from the area around 1720xx. After a bottom have seen in pervious trading sessions and it is in upward channel after breaking the downward channel with bottom confirmation
We are strongly in favor of Gold recovery phase followed by strong of yellow metal against majors, minors and exotics.

Trend: UP

Support 1: 1774.89

Support 2: 1770.82

Support 3: 1768.24

Resistance 1: 1781.54

Resistance 2: 1784.12

Resistance 3: 1788.19
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