The current trend in XAU/USD seems positive after bouncing off its long-term area of support (1752 – 1763) but gold is likely to struggle to find bullish momentum whilst below 1790 utill it cross and stay their.
A break above this area would place buyers in a good position to try and tackle 1800, at which point resistance is likely to be met on the way up to the 61.8% Fibonacci at 1834.
Comment
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could not move about channel mention 1752 – 1763 last hope if today closing basis it again com back to 1742++++
else we need to close the trade
Trade closed: target reached
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TRG REACHED BOOK PROFIT STILL U CAN CARRY TRADE WITH SL OF 1768