Gold FuturesLong
The Future of XAU
On Feb 23 and March 23 Xau retested at the same zone but failed to break support zone and on the 23rd of October it retest on our support. The support zone which was retested is still the same one which price bounced off, in the previous months and failed to break it still. Now whats happening is its going long because the data collected from the past months will now make it seem like it consolidating. To me this whole movement i appears like the market is building up momentum to break our resistance zone above and because of that im staying a safe target of tp2300. XAU in the past has reached even 2000 interms of price so now im expecting it to go higher
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