Gold Spot / U.S. DollarUpdated

XAUUSD Analysis

-The gold price last week retraced after the NFP data and took the demand zone of the last swing low area which is near 1808-1805
-Before going upside the gold needed to retrace the same demand zone from 1812-1816
-Need to break the near resistance which is 1837-1844.
-For the breakout long 1846.800 SL 1837.300 TGT 1877.500
-The near support is 1812-1816
Note
The price reaches the target, and another trading session is required to hit the exact target.

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