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Gold Bulls In Control

Published 08/02/2017, 08:48 AM
Updated 07/09/2023, 06:31 AM
XAU/USD
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GC
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Gold Weekly Chart

Gold hits the first target of 1272/73 and if we continue higher today look for 1276/77. Above 1279 then targets 1283 and 1289 before the 1295 double top high for this year. I think this will be broken on the third test for an added buy signal.

Bulls in control with short and longer term trend line support at 1263/62. Try longs with stops below 1258. Failure to hold above 1260 however is more negative and initially targets 1249/47.

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