The pair respected its support at 1.3370, and its aiming to target the previous swing high of 1.3470 and then it'll have room to move up to the known rejection area of 1.3560.
Do watch out for the US Final GDP q/q announcement later on the day - could be the major breakthrough to push this pair higher.
Otherwise it'll be the supports end of days.
Gold is on a trend since beginning of March, but how long it will it last? Are we reaching a consolidation?
Currently sits just right above the 1321ish resistance, gearing to take on the 1333 and then the 1345.
I've put in a breakout play, just right above 1323 with 1.5R from the last swing long at 1HR timeframe.
manage your risks well. Happy trading everyone!