Gold- strong floor in 1760-1770 zone
Last week was one of consolidation for Gold with the price trading in a tight 250 pips range
Technically speaking Gold is in an uptrend and 1760-1770 zone is very strong support at this point.
In my opinion, XauUsd will continue its ascent and a break above 1800 will lead to acceleration.
My medium-term target is 1850 resistance and only Gold under 1760 would signal a pause.
Technically speaking Gold is in an uptrend and 1760-1770 zone is very strong support at this point.
In my opinion, XauUsd will continue its ascent and a break above 1800 will lead to acceleration.
My medium-term target is 1850 resistance and only Gold under 1760 would signal a pause.
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