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boyinjungle

Gold analysis 02.02.2022

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
boyinjungle  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Harmonic Patterns Gold goldtrading goldidea XAUUSD goldanalysis
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trendanalysis harmonicpatterns gold goldtrading goldidea xauusd goldanalysis
Yesterday gold tested the 1808 levels and rejected. There were many hurdles upto 1812.
200 MA, 38% Fib, Strong resistance added to this.
Gold is testing its yesterdays support 1798. If gold is able to remain above this level we can expect it to test the 1808 again.
If gold drops then it should bounce back by 1788.
I suggest to go long at 1798 with SL at 1786 and TP at 1808.
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