XAUUSD
Gold - Intraday - We look to Buy at 1510 (stop at 1500)
The medium term bias remains bullish. Posted a Bullish Outside candle on the Weekly chart. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. Expect trading to remain mixed and volatile. Further upside is expected although we prefer to buy into dips close to the 1510 level.
Our profit targets will be 1540 and 1550
Resistance: 1525 / 1540 / 1550
Support: 1520 / 1510 / 1500
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