Here we are tracking the next hurdle for Gold at 1540. The recent break out has finished consolidating and we are finally ready to kickstart the next leg.
A break above 1510 yesterday was crucial as it unlocked the 1540 initial target, 1565 and 1595 next on the topside. Those trading the triangle breakout from the previous ideas will also have targets in play (see attached idea: Large triangle forming...?) at 1562.All dips remain attractive, 1485-1490 have a lot of buying interest with steel support at 1453.
Best of luck those trading the risk off rally...
A break above 1510 yesterday was crucial as it unlocked the 1540 initial target, 1565 and 1595 next on the topside. Those trading the triangle breakout from the previous ideas will also have targets in play (see attached idea: Large triangle forming...?) at 1562.All dips remain attractive, 1485-1490 have a lot of buying interest with steel support at 1453.
Best of luck those trading the risk off rally...
Trade active
Trade closed: target reached:
First targets cleared here... well done those riding this pig
