Gold_Cartel

Gold_Cartel

XAU/USD has risen $20 since the government shutdown, it needs a retracement. If 1265-66 could hold, I reckon XAU/USD has the potential to make a new high to 1280s and 1300s zone. Currently, XAU/USD is still in the BULL territory and above the regression channel.

Gold_Cartel Updated 

From my previous analysis in Tradingview, The BUY signal activated at 1255. The next potential target 1288 and 1309. PS: If Trump end the Government Shutdown, I will sell XAUUSD for $20-$40 drop.

Gold_Cartel Updated 

Gold has reached the upper regression channel, 1260 zone is strong resistance. It all depends on US Final GDP q/q and Core Durable Goods Orders m/m data . Will it give a strong catalyst to push Gold beyond 1260 zone or maybe it could make gold fall deeper to retest the bottom trendline at 1238-40 zone (31.80% Fibonacci retracement). Currently, based on my...