Mihai_Iacob

Gold- 1800 next week?

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
After a short dive under the 1700 mark, Gold regained strength and it was trading steadily above support at the end of last week.
Friday's close is near the top of the daily range indicating strong buying power.
I expect the rise to continue and gains could accelerate once the 1740-1750 resistance zone is broken.
I'm bullish as long as the price is above 1700 on a daily close base.



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