ForexGoldIntraday

Gold ready for retracement. Posible big bullish targets afterwar

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is ready for a posible retracement first back to 2055. If the channel breaks we will see a posible further fall towards 2040 and 2031. If the channel keeps respecting we need to go long with target 2080, 2090 and posible 2100

Resistance: 2072, 2085, 2100
Support: 2050, 2030

Comment:
GOld inline with my analysis. After testing 2072-2075. Geld fell. We secure some good pips. atm it is respecting the support channel. Don't add sells anymore unless it breaks the channel with confirmation.

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.