Oro / DollaroLong
26th January Gold Outlook: Bullish Targets $1972 If $1918 Holds
Gold continues with its Bullish momentum which Targets $1962 and $1972
Todays test of $1949 is attracting some retail profit booking as traders are cautious about key economic data outcome.
As long as Gold does not break and sustain below $1918, any correction and consolidation towards support areas of $1933-$1928 is very likely to attract buyers in anticipation of rebound towards retest of swing high $1949 followed by up move towards $1960-$1972
Note: This is not a Trading Advice. These are projections based on price action.
Todays test of $1949 is attracting some retail profit booking as traders are cautious about key economic data outcome.
As long as Gold does not break and sustain below $1918, any correction and consolidation towards support areas of $1933-$1928 is very likely to attract buyers in anticipation of rebound towards retest of swing high $1949 followed by up move towards $1960-$1972
Note: This is not a Trading Advice. These are projections based on price action.
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