FXTM

LONG Gold bull's eye $1,325 for further upside

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold prices have been undeniably bullish on the daily timeframe . Prices have been respecting a healthy uptrend since early December when a solid breakout above $1,240 was achieved. With the precious metal repeatedly creating higher highs and higher lows, bulls are clearly in the building. Gold has the potential to rally towards $1,333 once a solid daily close above $1,325 is achieved. If $1,325 proves to be a stubborn resistance, Gold is seen slightly correcting lower before re-challenging $1,325 once again. This setup remains valid above the $1,303 higher low.

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