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umeh_barry

Gold approaching critical support with US inflation data looming

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
umeh_barry Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Technical Indicators Chart Patterns
1
0
trendanalysis indicator chartpattern
Gold should look to bounce back from its critical support at 1307. A confirmation has been made from the higher-high and higher-low bar that has been formed since hitting the support. Long positions should be taken between 1295 and 1307. and tp should be at 1357. The US inflation announcement on Wednesday should have a high impact on this movement also.
Comment:
Good move guys. Waiting on swing trades now. Will update everyone.
Trade closed: target reached
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