FXAutomate

GOLD: Major infliction point reached

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Major support @ 1920 still holding up well so far with the price even managing to break higher to close above resistance @ 1940. This level now becomes interim support with any break below it re-targeting major support at 1920 (especially considering what appears to be a mini HnS). However, if we can hold above it and manage to close above 1950 I suspect we can see price move higher to 17.77. If however, we close below 1920, the next major support is only @ the Monthly S1 Pivot @ 1860

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