XAU ANALYSIS
Gold respected 1781 level and impulse up to 1795 key level keeping the bullish trend. What's next?
- We created somewhat of a double top around 1798 and rejected hard towards 1789 key level, where we are currently reacting and can see a move up from this 1789 level
- Safer buys above 1795 break and retest as we are keeping the trend strong and we can head towards 1800+
- a break of 1789 could likely see 1781, however, its counter trend trading so you have to be careful. below 1781 and 1775 is in the mix, but so far very bullish
- We created somewhat of a double top around 1798 and rejected hard towards 1789 key level, where we are currently reacting and can see a move up from this 1789 level
- Safer buys above 1795 break and retest as we are keeping the trend strong and we can head towards 1800+
- a break of 1789 could likely see 1781, however, its counter trend trading so you have to be careful. below 1781 and 1775 is in the mix, but so far very bullish
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