Gold is going up today for a third consecutive day of gains. Price is currently $1,246, $3 up from opening price of $1,243. First bull target is seen at $1,265, second is $1,281 and third target is the psychological level of $1,300.
On the other hand, before first resistance is visited, Gold bears might attempt to depreciate Gold and take it to first level of support at $1,236. Should this level give away, then Gold is standing on the edge of a cliff with flat ground at $1,120.
Chart: XAU/USD D1
Great analysis, as usual!
ReplyDeleteLet's see whether it will break above 1265.
ReplyDeleteI think it will continue rising.
ReplyDeleteI fully agree with your point.
ReplyDeletegood post.
ReplyDelete