This time, gold seems strong having been rejected at the rising bottom daily trend line twice. My target still remains 1950. Wait for bullish confirmation before going long.
If it breaks bottom of triangle its a short... If it breaks above we go long... The 1 hour chart shows signs of an impending golden cross
Price just touched 1895... A close above this point opens the way for bulls to enter the market
61.8% fibo level seems to be holding... If price is able to reach 1895+, I expect it to break the 1900-1910 barrier... Short below 1880
Gold down due to high profit taking at psychological level 1900... XAUUSD is still bullish... Sell below 1887
Just an idea... Though the neckline is unusually high due to volumes, We could be seeing gold ron up to 1945-1959
