Gold pulled back on Friday but the uptrend appears to be intact. In fact, Gold bounced nicely from the 100-hour EMA. If price stays above the area that I have highlighted in my chart, then it's possible that the uptrend will continue.
However, if the 2015 level is broken then the next level of support lies at 1980. Either way, I will be looking at some bullish price action at these support levels before placing buy trades.
However, if the 2015 level is broken then the next level of support lies at 1980. Either way, I will be looking at some bullish price action at these support levels before placing buy trades.