XAUUSD or Gold H8 | Market Outlook

- Gold markets have broken down just a little bit during the trading session on Wednesday, reaching towards the 50 day EMA before recovering again. Now that we are above the $1900 level, it looks like we are ready to continue to go higher.
- This is a market that I think will go looking towards the highs again, but we needed to scare off the “weak hands” in the marketplace. Furthermore, a lot of this may have been due to the US dollar surging higher during the trading session on Tuesday. We have seen that move pull back just a bit, and that has been reflected here as well.

Trade chiuso: obiettivo raggiunto:

1st target achieved!