MsProTrading

Gold Next Target? Check today analysis

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OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has been going down since the break in 1947, but yesterday we saw that when gold was at 1900 or 1899, some people said the market would go higher, but gold went down further, as we saw in yesterday's analysis.

It was said that if gold breaks the 1890 support, it can go further down to 1886, 1880, and 1870. As gold broke the 1890 support, it went down further, and yesterday, gold went up to 1872, but now it has gone up a little.

Then it came down, but now we think gold will pull back a bit, go up to the 1885 resistance, break from there, and then come down again.

The call we placed at the buy zone of 1895 or 1890, unfortunately, went down from there and went down further.
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