CFDs on Gold (US$ / OZ)
Long
Updated

Xauusd Bullish Analysis

150
for the 3rd time market has rejected the 3260position and that indicates a confidence of investors in the Gold. Currently market has dropped almost 62$ from 3330 to 3268 and now we can see a retracement.

Supporting Area For Gold now is 3265 and the resistances are 3300 and 3330 while our target is 3370 which is supply zone and can taken as a strong resistance. If markets breakout the area of 3370 then we will see a new high this week or may be in the next week.

Take profit first is 3300 and second take profit is 3330 and our end target is 3370.
Stop Loss is 3358
Trade active
reached our first two targets but market could breakout the 3350 area.

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