ScottMescudiForex

XAU/USD : getting help from weak us dollar

ScottMescudiForex Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
I see that gold is still in a uptrend as it bounced off the bottom of the channel. It has the potential to reach FIB 618 before retracing back.

Be safe!

Update : I forgot to say that I like very much that MACD crossing!
Trade closed manually:
I sold my trade @ 1255.
Trade active:
I re-opened a BUY on this pair. MACD crossing is confirmed and RSI is on the rise.

Target 1 is : 1265$
Target 2 is : 1277$
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