Gold NewYear Mid-Term
Updated
A three-week-old ascending triangle restricts Gold price between $1,782 and $1,825. That said, the XAU/USD currently fades bounce off a fortnight-old upward-sloping support line inside the stated triangle, around $1,800 by the press time.
Alternatively, an upside clearance of $1,825 won’t hesitate to challenge June’s peak surrounding $1,880.
Alternatively, an upside clearance of $1,825 won’t hesitate to challenge June’s peak surrounding $1,880.
Trade active
price Reaches first target at 1814room for 1820~24 and then 1830~33
Trade active
price Reaches second target at 1820now recovering
Trade closed: target reached
Close After Second unsuccessful break of1820
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