ForexTrendline

Is it time for a retracement on GOLD?

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
The resistance level remains 1880 and while price is below that level, it's possible to see a pullback before market continues higher.
The levels around 1830 are now support and in case we see price testing them again, that would be a good entry opportunity.

At this stage we're looking for short term buying setups but in case you're looking for targets above 1880, we believe that there will be a better entry level.

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