XAUUSD: Possible price development | GOLD

GOLD is holding the bullish momentum very strong.
The price reacted very well close to the resistance are at 1828
Actually, the price is moving inside a bullish flag.
The first target should be 1828 again.
The next target should be near the top of the pattern at 1845-1850

Any move down of the price below 1812 would open the door for more downside up to 1790 ( so keep this scenario in your watch list as well.

Thank you and Good Luck!

Yorum:

Previous analysis:

Yorum:

GOLD: A perfect price reversal at the pattern completion