Locus1996

Gold buy confirm signal

Corto
Locus1996 Actualizado   
FOREXCOM:XAUUSD   Oro al contado/Dólar estadounidense
On the flip side, the upper band of the Bollinger on the daily chart and Pivot Point one-day R1 restricts the immediate upside of the Gold Price near $1,950.

More importantly, the 100-DMA and Pivot Point one-day R2, close to $1,957–58, appears a tough nut to crack for the XAU/USD bulls before rushing towards the Fibonacci 23.6% on one-month surrounding $1,970.

Overall, the Gold Price has fewer barriers toward the north but the US inflation data can test the bulls.

Gold buy 1944
Target 1950
Target 1960
Target 1970
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