GhostSquawk

Gold looking to remain the 2k handle

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
As we mentioned in yesterdays post, we had anticipated gold would pull back into the overnight zone around 1940 before bouncing. After doing just that, we quickly moved again towards the 1950 handles. Now as we write this mornings post, gold is approaching 1960 with the next resistance at 1965. If we can get a clean break and closing above this point than it would be safe to say that gold would possible reclaim the 2k handle by this weeks end.

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