velmunis

Trendline was broken-Bullish scenario

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
GOLD
The previous day candle was closed just around 1.9k double bottom formed around 1670.00 was a key reversal area for the bull
.50 Fibonacci and price action level i have marked in the chart was acted as good support for the bullish trend.The upper side
trend line was broken on May-17 and retested on May-19. 1924.00 would be a immediate resistance for the bull. The upper side target
would be 1960.00 and the extended target was 2074.00 which is ATH. 1960.00 was this year high.

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