Gold- Up break very probable
Mis à jour
In my post yesterday, I mentioned that I am bullish Gold as long as the price stays above the 1975 zone.
Although there was a spike under this level during the day this, ultimately, proved to be a false break and XauUsd closed above the support level.
This false break, added to the overall picture, reinforces my bullish outlook, and I anticipate a rise above 2000 soon.
Technically, XAUUSD is trading just below local resistance and is pressing for a breakout. Buying dips should remain the strategy, and yesterday's low should serve as a stop loss.
On the upside, the recent high at 2010 is resistance, but in the medium term, I'm looking for a new all-time high.
Although there was a spike under this level during the day this, ultimately, proved to be a false break and XauUsd closed above the support level.
This false break, added to the overall picture, reinforces my bullish outlook, and I anticipate a rise above 2000 soon.
Technically, XAUUSD is trading just below local resistance and is pressing for a breakout. Buying dips should remain the strategy, and yesterday's low should serve as a stop loss.
On the upside, the recent high at 2010 is resistance, but in the medium term, I'm looking for a new all-time high.
Note
New York update.As explained in my morning analysis, there is a high probably of a break to the upside.
Now, XauUsd is trading at 1995 and looks like we have this expected break
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