JohnLiv

Updated Mid term View XAUUSD with 2013 Ghost overlay

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has from the Start of the year more or less floated between 1545 and 1590, the 2013 ghost went long to a short setup during this time, in reality gold just ranged straight through, this gives us an area to look at in the short term, I cannot see what can stop it now making its way through 1600, with only 1582in its sights. At 1611, gold may either retrace to 1582-1578 or progress further up to 1648, (1638 is resistance also), from 1648 to follow the 2013 trend a pull back to again 1582 looks on the cards but may push further to 1550 before pushing north again
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