Gold could test 1980 resistance

After a false break under support yesterday, Gold has reversed strongly rising around 300 pips in a very short period of time.
Now the price is consolidating these gains and a new leg up could follow.
Yesterday's high coincides with the falling trend line and a break here could be followed by gains toward 1980 resistance

Kommentera:

Yesterday Gold broke above the channel's resistance.
Now 1955 is support and with 1980 still in focus, dips around support should be bought.

Kommentera:

Gold reversed exactly from support
1980 could be next now

Kommentera:

Target reached with 250 pips