XAUUSD GOLD H4 Chart :
As seen on the GOLD H4 Chart , price tested MA50 SUPPORT @1259 but could not break the support.
Gold Price headed up from 1259 to 1264 usd FIBO 61.80 resistance level.
XAUUSD price is above FIBO retracement level and MA20 .
The first target will be 1270 . After 1270 USD gold price will test 1275.75 and 1280 USD .
We still LONG on XAUUSD .
After the price reaches 1280 I will decide the short term direction. There can be some reatracement to use as a short term sell opportunity.
I will keep you updated.
Trade ist aktiv:
Our GOLD Trade hit the targets 1270 , 1275 ... 1281.50 is the important resistance level...