FX.co ★ XAU/USD, GOLD
Trader Journals:::
XAU/USD, GOLD
On Friday, on the hourly chart of GOLD, the day started with a decline, then there was an increase to the resistance at 2327.53. The resistance was broken, there was a buy signal up to the resistance at 2364.93. This buy signal did not work out, the price dropped below that level. It consolidated there, which was a cancellation of the buys, and then it broke through that resistance again. There was a buy signal up to the resistance at 2364.93. This buy signal is still valid and for tomorrow the northern targets are at the level of 2364.93. In other words, the execution of the current signal and the southern targets are at the level of 2301.46. After that, if it breaks the support at 2327.53.
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