XAUUSD Next stop 2545.

13 Ağu

Two weeks ago (July 29, see chart below), we gave a strong buy signal on Gold (XAUUSD) right at the bottom of June's Channel Up:

The price hasn't yet hit the 2545 Target as it posted yet another Higher Low but is on good course to hit it, as the Higher Lows structure resembles that of June's. One more pull-back and we believe that Gold will then make its next technical Higher High at +8.30% (similar to the previous Bullish Leg).

Note that throughout this whole time, the 1D MA50 (blue trend-line) has been supporting and currently is just below the bottom (Higher Lows trend-line) of the Channel Up.

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