Gold is in important zone, any bullish breakout in the zone could drive Gold to 1936 area and then possibly to 1944 area. On the other hand, any bearish breakout in the zone could move Gold toward the bearish targets provided in the chart.
Each target lines also happens to be a strong support/resistance area, trade them carefully.
Disclaimer: This is not a signal, it is just an analysis for Gold's possible next moves.
Each target lines also happens to be a strong support/resistance area, trade them carefully.
Disclaimer: This is not a signal, it is just an analysis for Gold's possible next moves.
Trade active:
Gold has hit the 1st target twice so far. Giving a nice profit of 140 pips. Reaching the 2nd target won't be as easy. Move your stop loss to BE area if you have open orders.
Trade closed: target reached:
Both bullish targets reached. This chart is no longer valid.