XAUUSD Buy Signal
Targets Above from 1716 to 1900
Gold is back on the road to recovery
Gold could be in the process of forming a bullish double-bottom near the $1,677-76 region. The pattern, however, will be confirmed once the metal breakthrough a previous strong support breakpoint, now turned resistance near the $1,760-65 region. In the meantime, the $1,720 region might act as an immediate hurdle, above which a fresh bout of short-covering has the potential to lift the XAU/USD further towards the $1,742-44 supply zone
Targets Above from 1716 to 1900
Gold is back on the road to recovery
Gold could be in the process of forming a bullish double-bottom near the $1,677-76 region. The pattern, however, will be confirmed once the metal breakthrough a previous strong support breakpoint, now turned resistance near the $1,760-65 region. In the meantime, the $1,720 region might act as an immediate hurdle, above which a fresh bout of short-covering has the potential to lift the XAU/USD further towards the $1,742-44 supply zone