XAUUSD - Bullish - I l ook to Buy at 1840-42
◾ The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing
◾ We can see no technical reason for a change of trend
◾ A weaker opening is expected to challenge bullish resolve
◾ Support is located at 1840 and should stem dips to this area
◾ Dip buying offers good risk/reward
Stop: 1825
Target 1: 1874
Target 2: 1900
Chart
◾ The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing
◾ We can see no technical reason for a change of trend
◾ A weaker opening is expected to challenge bullish resolve
◾ Support is located at 1840 and should stem dips to this area
◾ Dip buying offers good risk/reward
Stop: 1825
Target 1: 1874
Target 2: 1900
Chart
