Gold Forecast for the week April 12 to 19.

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold arrives this morning in a bullish rally towards its immediate resistance zone ranging from $1745 to $1760, so I open a sell trade from $1745 and take these 15 points to $1760 as my risk and put my stop loss at this point.

If during the week there is a breakout above this point I would consider opening a buy trade, although at the moment I do not see it possible.

1730 is my TP 1 and 1715 my TP 2, although I would continue with second TP open if I consider that it has a good bearish streak.


no short