SroshMayi

GOLD (Reached and will continue)

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
GOLD OUTLOOK

The bullish trend is currently very strong on GOLD - USD. As long as the price remains above the support at 1963 , you could try to benefit from the boom.
The first bullish objective is located at 1986. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2007 as an objective.
Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term.
If this is the case, remember that trading against the trend may be riskier.

Pivot Price: 1968
Resistance Price: 1986 & 2007 & 2020
Support price: 1963 & 1950 & 1932

The movement range will be between 1963 and 1986

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