alanchin

New Pattern for Gold: 4th uptrend from 2170.

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold soared to record high of 2265, targetting 2270, 2310, 2350 with relative positions of Fibo.

Long-term bullish is still taking the 4th uptrend move, and will be stopped by this week or early next week after NFP. A weekly retracement will happen next week. No bullish chasing next week!

1st support: 2225. 2nd support: 2200.
1st target: 2270.
2nd target: 2310.
3rd target: 2350.

* Bull & bear boundary: 2145.

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