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Jonny_Fortune

GOLD - PULLBACK TO KEY SUPPORT TRIGGER LONG OPPORTUNITY

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Jonny_Fortune  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis Gold goldusd XAU XAUUSD Technical Analysis technical_analysis technicals Forex Commodities
3
0
trendanalysis chartpattern waveanalysis gold goldusd xau xauusd technicalanalysis technical_analysis technicals forex commodities
Price has pulled back to key support clearing the way for bulls to come back in and take control of Gold to new highs. A counter trend line break would add additional confirmation the bulls were taking back control of Gold. Targets are set as the next two key resistance areas to the upside at 1,358.10 and 1,375.03 respectively. Further declines in the USD Index should aid the Golden Bulls.
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