Gold - Intraday dips attracting buyers

XAUUSD XAUUSD

Trade Idea

Gold - Intraday - We look to Buy at 1410 (stop at 1400)

The medium term bias remains bullish. This has resulted in a large symmetrical triangle formation being posted on the daily chart. Price action continued to range between key support & resistance (1385 - 1440) and we expect this to continue. Expect trading to remain mixed and volatile. Further upside is expected although we prefer to buy into dips close to the level.

Our profit targets will be 1430 and 1440

Resistance: 1420 / 1432 / 1440
Support: 1410 / 1400 / 1385