XAUUSD, Gold Technical Analysis
Updated
Gold price ended yesterday above 1838.10, and by taking a deeper look at the chart, we find that the price draws double bottom pattern that its confirmation line located at 1855.45, which means that breaching this level will push the price to recover and regain the bullish trend.
Maybe it will first retrace to 1840-1845 and then it will make an impulsive move to 1870 as first target and then to 1900 as a main station.
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Maybe it will first retrace to 1840-1845 and then it will make an impulsive move to 1870 as first target and then to 1900 as a main station.
If you have any queries related to this analysis, just leave a comment.
Inbox me for entry points.
Note
TP 1 Hit
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