XAUUSD Gold Analysis
As shown on the chart.. We expect Gold will be up on the next week.. We have a bullish divergence on a strong support with a bullish price action.. breaking 1293 level is a clear indication to a continuous up-trend.. If it descend more, it will be a good chance to take it from a good price from the bottom.. As long as it is moving inside the channel, it's correcting and gaining momentum preparing for an up-move.. Breaking 1277$ and starting to make a pullback, indicates a down-trend to 1260, 1250 and 1240 (mid-term).. But, now an up-move is highly expected.. Targets might be 1300, 1310 and 1320 respectively.. Best Regards,
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