Gold Bullish on Long Term

Pending Home Sales pushed Gold on lower levels. The market hasn't priced such impressive forecast beating and that is the reason keeping Gold within the low #1,500 - #1,510 zone. The Dollar is logically rising after such data and Buyers should put a very good defense tomorrow of the Hourly 5 Chart EMA200 at #1,495.20 in order to keep Gold bullish on the medium term. Daily Chart remains a Channel Up technically on the most optimal buy levels. If the Hourly 5 EMA50 breaks at #1,513.20 then technically the short term targets are #1,524.30 and #1,535.50. Below we will be testing the Daily Chart EMA50 which is now surprisingly on the #1,485.80 Support. I remain with my Bullish strategy.