XAU / USD quotes continue to move as part of the correction and the formation of a large "Triangle" pattern. At the time of the publication of the forecast, the price of GOLD is 1792 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and test the resistance level near the 1800 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1855.
Have a nice trade!
Have a nice trade!