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Tbacarreza

Gold close to 1910-1912 trendline bottom and 1910 support

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
Tbacarreza Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis
13
0
trendanalysis
We are still in a Bearish momentum. Gold is about to reach the strong support level of 1910. Additionally, we are touching the bottom of the trendline. The next projected move will be a further push north, to retest the top of the trendline at 1938 or retest 1923 before making its way to psychological support level 1900. Watch for these points of interest. Anything below 1900 is possible for a long-term bearish move into 18xx.
Comment:
After retesting to 1930 for news, sharp drop to yesterdays support as predicted. 1914 another sharp rejection, and we open a buy trade to 1930 and beyond. With trailing stops
Comment:
Very strong support here.Hedging a short position from 1920. Potential double bottom, however also awaiting the trend line touch at 1910-1912
Comment:
Upside correction is in place, If we break 1930, the next support is 1941. 1930 is a key look out point for a push in either way
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