Expecting Gold to break into a buy after consolidating between prices 1812.00 and 1820.00. Market indicators are trending towards bullish movement, and USD economic announcements that are set for the next couple of days may potentially weaken the dollar thus strengthening Gold .
I have based my analysis on the last time Gold saw current price points in June of this year. If the price moves past 1825.00 it may initially meet resistance at 1845.00 before moving onto 1857.00.
Entry: 1825.00
Targets: 1827.50 | 1831.50 | 1834.00 | 1837.00 | 1840.00 | 1845.00 | 1848.00 | 1850.00 | 1853.00
Resistance: 1857.00
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I have based my analysis on the last time Gold saw current price points in June of this year. If the price moves past 1825.00 it may initially meet resistance at 1845.00 before moving onto 1857.00.
Entry: 1825.00
Targets: 1827.50 | 1831.50 | 1834.00 | 1837.00 | 1840.00 | 1845.00 | 1848.00 | 1850.00 | 1853.00
Resistance: 1857.00
Be sure to like this post and let me know what you think in the comments below!
