KlejdiCuni

XAUUSD: Possible price development | GOLD

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
GOLD is holding the bullish momentum very strong.
The price reacted very well close to the resistance are at 1828
Actually, the price is moving inside a bullish flag .
The first target should be 1828 again.
The next target should be near the top of the pattern at 1845-1850

Any move down of the price below 1812 would open the door for more downside up to 1790 ( so keep this scenario in your watch list as well.

Thank you and Good Luck!
Comment: Previous analysis:
Comment: GOLD: A perfect price reversal at the pattern completion

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