Mihai_Iacob

Gold- closer and closer to break-up

Long
OANDA:XAUUSD   Or / Dollar Américain
Yesterday Gold has been traded in an already familiar range between 1960 and 1980.
Once the price reached 1960 support, bulls came into the market strong and elevate the price quickly.
As said in my weekend analysis from the technical point of view gold is contained in an ascending triangle which gives me reason to believe that the price will continue higher.
The target for this pattern is 2050 zone
On the other hand, o daily close under 1960 puts Gold in a range-bound trading scenario

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