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FXHighway

Gold recovers

Long
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
FXHighway  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Gold XAU XAUUSD
2
0
trendanalysis gold xau xauusd
Target: 1260.00.
Risk: 1238.50

Technical reasons:
Gold price move within intraday ascending channel pushed to breach 1238.50 again, and it faces important resistance now at 1250.00.

Surpassing this resistance will push to 1260.00, while breaking 1238.50 will press the price to turn to decline.
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