Technical Outlook and Chart Setups:
Prices bounced off from the trend line support yesterday and have held it well till now. Furthermore, if you see the small slopping down trend line, it has been broken as well. It should not be surprisingly now if resistance levels are taken out comfortably at 1780/85 levels and further up to 1795 as well. 1740/50 remain key now; till the time prices stay comfortable above, Gold is heading towards new highs in the coming sessions. Look to buy intraday dips now.
Trade Recommendations:
Stay long fro yesterday (around 1760/62), stop below 1740, and target open.
Good Luck!
