In the Weekly Markets Analysis, I mentioned that 1180 will be a good entry level if the Gold
will reach it. As the gold
opened the week lower, I sent to the members an email that I'm buying gold
at 1190. Since than, the gold
rallied back above 1200 and now it is trying to break minor resistance near 1220.
We are back inside the weekly bullish harmonic
PRZ. In case that $XAUUSD will manage to close above 1220$ it has the potential to climb all the way to the pattern's target near 1260.
Weekly Triple Bottom and Bullish harmonic pattern
are quite good reasons to be bullish Gold
.. at least for the short term
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