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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.