Expecting a Push back higher towards the 1930-1950 region on Gold (XAU/USD), Technical & Fundamental Confluences are being demonstrated, forming a Ascending Trend Zone on the Hourly Time Frame, Secondly we should look to retest the Descending Trend Line starting from the $2000 Region. Along with the Presidential Elections nearing, generally we see Gold strength come in on a cyclical basis.
Kommentera:
Decided to close out and Took Profit at 1924 as indicated on my graph.