Gold did extacly how we planned yesterday. Our targets from yesterday were met. Gold is in strong upward momentum and you should only focus on buying opportuntiies on the pullbacks.
Red rectangle – target 1
Red rectangle- target 2
Strong upward momentum on the Gold. The price did break the resistance level at $1.284, which was the clear sign of the upward continuation. Our advice is to watch for potential upward contination but on the pullbacks. Intraday support is seen at the price of $1.298. Upward references are seen at the price of $1.310 and $1.322. Stochastic made new momentum high, which is another sign of the strong upward momentum.
