Long

GOLD:BUY From PULLBACK Level For A New LONG Setup

Updated

GOLD: Following the decisive upsurge witnessed on Friday, the Gold prices started the new week on a bullish note and closed in positive territory on Monday and Tuesday. After staying relatively quiet on Wednesday, XAU/USD regained its traction and climbed above $1,900 for the first time in seven months ahead of the weekend, closing the fourth straight week in positive territory. Risk perception and the performance of the US Treasury bond yields could drive the pair's action next week amid a lack of high-tier macroeconomic data releases from the US. Today the Price seems to have a pullback on the previous trendline of the bullish channel in confluence with the 50% Fibonacci we are looking for an extension of the price that can reach the level of price around 1936.000

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