Gold Spot / U.S. DollarUpdated

Gold Daily View

Market still ranging. The Ma5 cross above 84 confirms a movement to 1768 as next stop and then a challenge to 1777. 1746 is also still open from last weeks analysis with further confirmation with ma5 crossing below ma200 creating a gold turn. Both targets open. We will be using both targets for entries and tight stops, as the range is confirmed.

Trade closed: target reached
1768 done as confirmed by our ma5 cross over ma84. 1777 challenge due and gap below to 1746 also open from ma5 cross below ma200.
Trade closed: target reached
1777 done and banked.

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