CFDs on Gold (US$ / OZ)
Long
Updated

Xauusd Retracement Analysis

117
Gold is at its supporting area 3212. From this area it can bounce back to the first resistance area 3272 and if it breaks this area then markets next target will be 3354 and 3384.

Supporting area 3212
Our targets are 3272, 3354 and 3388

Market has already dropped from 3286 to 3314 and is testing the supporting area if buyers show confidence in gold then we will see a pump in the gold as it is bullish fundamentally.

The drop in gold is because of the early taking of profit due to the upcoming news events like NFP.
Trade active
reached our first target

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