ForexTrendline

Long positions on GOLD - XAUUSD

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
From the analysis that we sent out on 14th of April you can see that we expected a test of the resistance up at 1755-60.


Well now we have a breakout!

This is a significant level on Daily chart and closing above it means that price will continue to the upside.

Now we are looking to go long, knowing that this previous resistance zone 1755-60 should act as a support.

In case of a continuation our first expected level is 1782.

If you have any questions please get in touch with us!

Wish you all a succesful trading!

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